Property fund outflows soar as investors prepare for no-deal Brexit

Money continues to pour out of UK property funds, with Brexit worries leading to the sector last month recording its highest monthly net outflow since January. UK investors pulled a net £184.8m from domestic real estate funds in July, according to new analysis from Calastone, a fund transactions network. That figure is the highest monthly net outflow since investors withdrew £317m during January, and marks the fourth consecutive month in which outflows have risen. Almost £1.6bn has now left property funds in the past 10 months. The sector has not recorded a net inflow since September 2018. Calastone’s analysts put