Three more U.K. property funds halted trade on Wednesday, amid renewed turmoil following the U.K.'s vote to leave the European Union (EU) in June.
Henderson Global Investors, Columbia Threadneedle and Canada Life suspended dealings in U.K. property funds on Wednesday. They joined company with Aviva, M&G Investments and Standard Life, which did so on Monday and Tuesday.
"Despite a strong underlying portfolio, the decision was taken due to exceptional liquidity pressures on the funds, as a result of uncertainty following the EU referendum and the recent suspension of other direct property funds," Henderson said in a media release.
The funds that halted trading didn't have the liquidity to allow investors to redeem their money, the co-founder of fund manager SCM Private told CNBC on Wednesday, before the news from Henderson and Columbia Threadneedle.
Gina Miller - who is also a campaigner against industry misconduct - warned that some CEOs were acting in a manner reminiscent of the months leading up to the financial crisis of 2008.
"They knew Brexit was going to happen (immediately after the vote). They knew they should be looking at the valuations and the next morning ... they did absolutely nothing," Miller said.
"What you needed to do was actually suspend the fund in our view and look at re-valuing or waiting for an independent valuation," she said.