This week saw another property fund move to limit the impact of outflows as Janus Henderson announced it was moving its pricing to a full spread basis in March. While this sounds like a minor bit of fund administration, and to an extent it is, the timing of the move is interesting. Following the referendum, a sudden run on property funds caused a number to temporarily shut down as they struggled to meet investors demand for redemptions. With the possibility of a hard Brexit looming, it is interesting to see funds take pre-emptive action to try and avoid the same situation.
Elsewhere; it is not entirely clear if we still have a government after parliament failed to pass a vote reconfirming what it had voted for two weeks ago. While we still have all the same people claiming to be in the government, there doesn’t appear to be any possibility of them actually governing. With the pro-Brexit camp now split as well, there is now only the option of delaying Article 50 that has any chance of passing parliament.
Read what the team at FE consider to be significant over the current week.