- U.K. property funds are at the epicenter of market action after Aviva (NYSE:AV), M&G and Standard Life (OTCPK:SLFPY) all moved to suspend their dealings in the investment vehicles amid fears of increasing redemptions in the commercial real estate space.
- In total, the three money managers hold over £9B of investor assets.
- Aviva said separately it aims to increase its dividend payout ratio to 50% in 2017 and it was confident about future growth despite the Brexit.