Standard Life suspends trading in UK property fund

Thrugelmir

ruggedtoast wrote: »

Yes, but we were in Europe then.

And a lot of other countries weren't............

merlingrey

mystic_trev wrote: »

That's incorrect.

In February 1985 the pound was virtually par with the USD. Six years later in February 1991 there were nearly two USD's to the pound. I don't remember the sky falling in during that time!

Well only because the miners striking and arthur scargill were defeated.
Otherwise the sky might have fell in.

System

merlingrey wrote: »

Well only because the miners striking and arthur scargill were defeated.
Otherwise the sky might have fell in.

Otherwise the sky might have fallen in

vivatifosi

Property is generally a leading indicator, so I'm not surprised it has been hit first. If there's a fund with sound fundamentals (and they are not all equal) it may be a good investment over the longer term if it can be bought low.

Property Week has done a post Brexit piece on which sectors will be hit hardest. They see distribution as the most positive asset class, retail the least attractive. Link:

http://www.propertyweek.com/data/glass-is-half-empty-for-most-property-firms-after-eu-vote/5083969.article

merlingrey

Clifford_Pope wrote: »

Otherwise the sky might have fallen in

Clifford:

worldtraveller

It looks like we could see some Emergency measures imposed.

Financial regulators are considering bringing in a raft of emergency measures to stem the flood of money out of Britain’s biggest property funds that caused fresh market panic last week.

It is understood Bank of England officials are considering the introduction of enforced notice periods before redemptions, slashing the price for investors who rush for the door, or additional liquidity requirements for funds.

The Telegraph

merlingrey

worldtraveller wrote: »

It looks like we could see some Emergency measures imposed.

Financial regulators are considering bringing in a raft of emergency measures to stem the flood of money out of Britain’s biggest property funds that caused fresh market panic last week.

It is understood Bank of England officials are considering the introduction of enforced notice periods before redemptions, slashing the price for investors who rush for the door, or additional liquidity requirements for funds.

The Telegraph

That sort of thing usually makes the problem worse, i mean there isn't a huge difference between a run on funds and a run on a bank it's the same psychology and set up. The banks are not usually liquid enough to have everybody run the banks for their cash and savings and it's the same deal with a lot of funds, once fear takes over it can become a self fulfilling prophecy.

If the funds have to sell shares, bonds or property then that drives the underlying assets down and more people want out and so on, becomes like dominoes soon enough.

Garethgrew

speedspirit wrote: »

We have reports from readers in Italy that ATM machines are being emptied. A run on banks is beginning in Italy.

Armstrong Blog

this could spread like wild fire

Mistermeaner

So pretty localised then