Aviva (Norwich Union) Property Fund Unlocked
Published / Last Updated on 03/11/2009
Aviva (Norwich Union) Property Fund Unlocked
by Ashley Clark, Director
The Norwich Union Property Fund (Now trading as Aviva) has removed its freeze on people selling put of the fund.
Aviva, along with many other property fund managers had placed a time lock embargo, stopping clients cashing in their property funds in the stampede to cash in before commercial property markets fell further.
To ensure liquidity of the fund and to prevent fund managers being forced to sell property investments at a loss, many such funds still have such an embargo.
Aviva has confirmed that investors are returning to property as a potential investment and that liquidity in the fund is fine.
In short, investors are not running away from property anymore but money is coming in rather than out.
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