Axa closes Immoselect fund amid liquidity problems

Axa Investment Managers Deutschland said on Thursday it had reimposed a ban on withdrawals from its Immoselect fund due to deepening liquidity problems. Since the fund reopened on 28 August after the previous redemption freeze, it has seen net average outflows of EUR 934.9 mln, Axa said.

You have now reached your article limit

Already have an IPE Real Assets account? Sign in

PropertyEU has merged with IPE Real Assets

If you had a PropertyEU account, simply reset your password to get access to IPE Real Assets.

New users can Register for free today for access to the PropertyEU Archive and IPE Real Assets.

Register today

Registration also includes access to IPE

Gated access promo

Five reasons to register today

  1. Access IPE Real Assets articles
  2. Daily news alerts and updates
  3. Track what the world’s leading institutional investors are doing
  4. Learn about the latest industry research and market analysis
  5. Comprehensive archive of data and intelligence on investors and fund managers, including the PropertyEU Archive