EU referendum, brexit and the aftermath

The problem for property funds is that they maintain a very small cash box to handle redemptions. In a normal market the subscriptions will offset redemptions and this small cash box will suffice. Remember this is a way of providing liquid investment into very illiquid investments, with risk. One risk being that where there is fear of a fall in property, regardless of any actual fall, redemptions will outstrip subscriptions and the cash box will soon empty. Because the assets are so illiquid, the fund has to shut to redemptions. Closing in this way gives the fund the chance to liquidate assets in a semi orderly way, unfortunately this can trigger a fall in asset values because all these funds are suddenly selling. Again though, this is triggered by redemptions due to a fear of falling asset prices that ultimately leads to a fall in asset prices. Classic run scenario. The more we talk down our economic future the closer we get to a self fulfilling prophecy. When the reality is, we're probably fucked anyway.