3rd May 2022

LGIM’s Crossley: Shunning open-ended property funds is a ‘travesty’ for investors

Intermediaries pulling clients’ money out of open-ended property funds (PAIFs) based on regulatory fears is a “travesty for investors”, according to Legal & General Investment Management’s James Crossley, who said they will be missing out on “diversity, growth, steady income and low correlation to other assets”.