HGG Hend Group Cdi 1:1

Henderson Global Investors has become the fourth fund manager this week to stop investors in a U.K property fund from pulling their money out, after the U.K. voted to leave the European Union.

The fund manager said Wednesday that it had temporarily suspended all trading in its £ 3.9 billion ($5.1 billion) Henderson UK Property PAIF and its feeder fund "due to exceptional liquidity pressures."

The decision comes after Standard Life Investments, Aviva Investors and M&G Investments suspended trading on U.K. property funds earlier this week, after a sharp rise in redemptions that followed the EU referendum on June 23.

Henderson said its move was aimed to safeguard the interests of all investors and came as "a result of uncertainty following the EU referendum and the recent suspension of other direct property funds," the firm said.

(END) Dow Jones Newswires

July 06, 2016 11:45 ET (15:45 GMT)

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