2020 ended with an inoculated bang. Despite renewed lockdowns in Europe and rising COVID-19 infections globally, risk assets continued their march upwards. This was amid hopes for reflation, better growth and higher earnings, supported by a backdrop of more fiscal stimulus in the US, a Brexit deal and the beginnings of vaccine rollouts.
Open ended property funds across the IA Direct Property sector are currently suspended owing to material uncertainty in valuing their assets amid the fallout from the coronavirus pandemic. However, previous waves of suspensions, notably including the one seen the wake of the 2016 Brexit referendum, were linked to mass redemptions that managers were unable […]