Rules must change as funds leak cash

A net £30.8m was withdrawn from the Aberdeen UK Property fund last Friday, as the gating of M&G’s fund impacted on rivals. The withdrawals followed a net outflow of £31.6m on Wednesday, but a calmer Thursday that saw just £480,000 pulled out of the fund. The fund, run by Standard Life Aberdeen, is one of a number seen as vulnerable to redemptions after M&G suspended trading in its £2.5bn Property Portfolio Fund. The Times (£) has called for a change in the rules that govern how funds operate. The Times (£)