Is the writing on the wall for UK open-ended property funds?

In IPE Real Assets, Cohen & Steers’ Marc Haynes, head of institutional business, EMEA, shares his thoughts on whether the FCA’s plans to introduce redemption notice periods will undermine the appeal of open-ended property funds in the UK. “We have long called for the FCA to take action on the liquidity mismatch inherent in open-ended UK property funds, so we welcome the spirit of today’s consultation and its proposals.”