News & Insight
Panic selling shuts £2bn fund | Panic selling shuts £2bn fund |
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| Written by Guardian | |
| Friday, 18 January 2008 | |
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One of Britain's biggest property funds was forced to shut its doors to withdrawals yesterday after the slump in commercial prices triggered panic selling by small investors. The move prompted fears of a Northern Rock-style run on billions of pounds invested in once high-flying funds which many savers have seen as a safe haven for their pensions. http://www.guardian.co.uk/money/2008/jan/18/property.moneyinvestments |
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