The fund managers BlackRock and Schroders have joined the list of entities that have been forced to freeze their funds invested in real estate assets in the UK due to the crisis caused by coronavirus. Both firms assure that they are unable to value the assets in which their funds are invested, after the damage that coronavirus has caused in the British real estate market, according to Expansión.
Positions in real estate assets, which are illiquid, may be difficult to undo, and many managers fear that they will not be able to cope with a possible wave of redemptions from their participants.
