Aberdeen Asset Management has announced that it has lifted the trading suspension on its U.K. Property Fund and Property Feeder Unit Trust, a move put in place last week to protect investors from the growing number of redemption requests in the wake of a Brexit vote.
The company has however put in place a fair value adjustment of 7 percent on property holdings.
"Investors should be aware that the price may be adjusted on a daily basis to reflect the funds' requirement to provide liquidity and the need to protect all investors," Martin Gilbert, chief executive of Aberdeen Asset Management said in a press statement.
"The market may take time to find its level but I have no doubt that property will continue to play an important part in investors' portfolios."
Once the suspension is removed, investors are free to submit their trades but this would be processed at a diluted price that reflects the current market environment, keeping in mind that short-term sales in the property market may have relatively penal consequences, the company said in a statement.
"Any uncancelled orders for subscriptions and redemptions in the funds placed between 12 noon on 5 July and 12 noon on 6 July 2016 will now be processed at the diluted price as at noon 13 July 2016."