Aviva Investors suspended trading in its commercial property fund on Tuesday, blaming a surge in redemption requests amid uncertainty on the markets following Britain's vote to leave the European Union. "The extraordinary market circumstances... have resulted in a lack of immediate liquidity in the Aviva Investors Property Trust. Consequently, we have acted to safeguard the interests of all our investors by suspending dealing in the fund with immediate effect," the company said in a statement.
"Suspension of dealing will give Aviva Investors greater control in managing cashflows and conducting orderly asset sales in order to meet our obligations to investors wishing to redeem their holdings," it said.
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