UK Commercial Property Trust

Ticker UKCM

Today's data summary

Market open
% change
Price Pence
As of 15:49 14 Feb 2019
Market cap. Pound sterling
1,120.09 million
As of 15:49 14 Feb 2019

Latest updates

FCA asking for 'daily updates' on property funds

windows on in building

Property funds made the headlines after the EU referendum when major finance firms had to suspend trading in their commercial property funds because investors were rushing to withdraw their funds.

This makes life tough for property funds as they cannot quickly sell properties to help fund redemptions,

The Financial Times is reporting that the Financial Conduct Authority is asking for daily updates from funds after investors started withdrawing their funds again. It cites data from Morningstar which shows £315m was withdrawn in December - comparable to the volume of redemptions in each of the two months following the referendum.

'Emerging economies are shoppers, it's how nations develop'
"Emerging economies are shoppers," says South African property developer Sisa Ngebulana.