Investors put money into various types of funds, usually to get exposure to additional asset classes or to some markets that are expected to have decent growth potential. The London property market has been HOT for years now, but with Brexit, the thesis of certain demand underpinned by Russian oligarchs to mainland European CEOs has been thrown into uncertainty. Essentially, a bank run has occurred in property funds, with too many investors simultaneously wanting their money back.
https://www.marketwatch.com/story/3-uk-property-funds-are-frozen-what-you-need-to-know-2016-07-05
