Henderson Global Suspends Dealing In U.K. Property Fund

By Markets MarketWatch Pulse

Henderson Global Investors said Wednesday it's temporarily suspending trading in its U.K. property fund. Henderson Global, part of Henderson Group PLC , became the fourth company this week to do so as the vehicles come under increased pressure for redemptions in the wake of the U.K.'s Brexit referendum. Henderson Global halted dealings in its �3.9 billion Henderson UK Property PAIF and its Henderson U.K. Property PAIF Feeder Fund. "Despite a strong underlying portfolio, the decision was taken due to exceptional liquidity pressures on the funds, as a result of uncertainty following the EU Referendum and the recent suspension of other direct property funds," said Henderson in a statement. Prudential's 's M&G Investments, Aviva and Standard Life have also suspended trading in shares of their open-ended property funds.

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