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.
Legal & General Investment Management’s (LGIM’s) managed fund has acquired Tesco Yarrow Road Poole from clients of abrdn for £46.1 mln (€54 mln).
