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Cash trapped in property funds hits £20bn as BlackRock & Schroders gate
BlackRock, Schroders and Royal London Asset Management have gated property funds two weeks after Covid-19 woes promoted a wave of closures across the industry. The £3.4bn BlackRock UK Property and the £2.4bn Schroder UK Real Estate funds have been suspended due to ‘material uncertainty’, meaning independent valuers cannot accurately value…
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