LONDON, Nov 3 (Reuters) - British property funds which have
started trading again after a six-month freeze saw 336 million
pounds ($434.41 million) in net outflows in October, the third
worst monthly performance on record for the sector, fund network
Calastone said on Tuesday.
Much of the 70 billion pound UK property fund sector was
suspended in March after surveyors said it was not possible to
be sure about valuations due to the COVID-19 pandemic.
Several asset managers, including Columbia Threadneedle, St
James's Place, Legal & General and BlackRock
, have reopened their funds in recent weeks, as that
valuation uncertainty eased in September.
(Reporting by Carolyn Cohn; editing by Sinead Cruise)
Legal & General (LGEN)
St James's Place (STJ)
