Aviva Investors’ £1.6 billion property fund, which was suspended amid a post-Brexit run on the sector by retail investors, will stay closed for “at least six to eight months” – a decision described as a “big blow” by one market analyst.

The £319 billion asset manager was forced to suspend its Aviva Investors Property Trust on July 5, during a dramatic week in which fellow managers Henderson Global Investors, Columbia Threadneedle Investments, M&G Investments, Canada Life, Standard Life Investments and Aberdeen Asset Management did the same on similar funds.