Articles

On the face of it, the figures from the daily traded property funds paint a negative picture for commercial property with outflows of £128 million in January, £314 million in February and a record £589 million in March. IMA figures show that £4bn has been withdrawn from these funds since the Brexit Referendum. At Mayfair Capital, we believe this activity is stimulated more by structural issues with these funds rather than pessimism towards the asset class. In recognition of the shortcomings, the FCA is proposing to exclude ISA investors from investing whilst also introducing a 180 day redemption notice period. These impending measures alone have stimulated selling activity.