#268393
Re: Pulso de Mercado: Intradía
BlackRock ends block on £3.5bn UK property fund withdrawals
Decision to allow outflows comes as regulators warn that some funds may struggle to meet redemption requests
The US-based fund group has begun partially repaying institutional investors who made withdrawal requests as far back as the second quarter of last year, according to people familiar with the situation. BlackRock declined to comment.
Commercial property has come under pressure from the steep interest rate rises of the past year, which have increased the cost of financing and depressed valuations. The recent banking crisis has also triggered investor concerns that banks might restrict lending to the sector to shore up their balance sheets.
Svitlana Gubriy, head of indirect real assets at Abrdn, said that “to rely exclusively on bank financing is for us a potential red flag”. She said real estate companies in the Nordic nations in particular rely on bank funding.
Tens of millions of pounds have been withdrawn from property funds in recent weeks and analysts said this trend was expected to continue.
--->>>>> “All the money that rotated in the past from public fixed income into real estate in the search for yield is now rotating back. It’s another factor in the drying up of liquidity,” said a senior global property investor.
El dinero está saliendo de los fondos inmobiliarios hacia la deuda pública, y los que solicitan reembolsar su dinero y salir de esos fondos lo están haciendo con pérdidas y sólo cuando los gestores del fondo lo permiten. Hay gente que lleva esperando cerca de un año para obtener un reembolso. Como para dejarles el dinero a "gestores" de fondos como ésos...
Decision to allow outflows comes as regulators warn that some funds may struggle to meet redemption requests
The US-based fund group has begun partially repaying institutional investors who made withdrawal requests as far back as the second quarter of last year, according to people familiar with the situation. BlackRock declined to comment.
Commercial property has come under pressure from the steep interest rate rises of the past year, which have increased the cost of financing and depressed valuations. The recent banking crisis has also triggered investor concerns that banks might restrict lending to the sector to shore up their balance sheets.
Svitlana Gubriy, head of indirect real assets at Abrdn, said that “to rely exclusively on bank financing is for us a potential red flag”. She said real estate companies in the Nordic nations in particular rely on bank funding.
Tens of millions of pounds have been withdrawn from property funds in recent weeks and analysts said this trend was expected to continue.
--->>>>> “All the money that rotated in the past from public fixed income into real estate in the search for yield is now rotating back. It’s another factor in the drying up of liquidity,” said a senior global property investor.
El dinero está saliendo de los fondos inmobiliarios hacia la deuda pública, y los que solicitan reembolsar su dinero y salir de esos fondos lo están haciendo con pérdidas y sólo cuando los gestores del fondo lo permiten. Hay gente que lleva esperando cerca de un año para obtener un reembolso. Como para dejarles el dinero a "gestores" de fondos como ésos...
