Rating agency says investors’ reaction to a no-deal exit from the EU could be worse than their post-referendum retreat

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Former Investment Banking Editor

UK property funds could block investors from withdrawing money as Brexit unfolds, in a repeat of events three years ago when the UK voted to leave the European Union, says Fitch Ratings.

Fitch warned of a “growing risk” that investors in open-ended UK property funds will again be prevented from taking their money out as fears rise that a disorderly Brexit will lead to a crash in property values.

UK property funds face another Brexit shutdown, warns Fitch

Fitch warns UK property funds face another Brexit shutdown

Ratings agency says investors’ reaction to a no-deal Brexit could be worse than their post-referendum rush for the exit

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