BlackRock, Schroders suspend trading in UK institutional property funds

Investment managers BlackRock and Schroders have suspended trading in UK real estate funds aimed at institutional investors, citing difficulty in getting an accurate price for their assets. The suspension of the funds with quarterly or monthly redemptions, whose assets total nearly 6 billion pounds ($7.5 billion), follows the freezing last month of several funds aimed at retail investors, which allow people to get their money out daily. Regulators have expressed concern about funds that invest in illiquid assets but allow investors to get their money out regularly.