The closed end fund
Standard Life recently suspended trading in its £2.7 billion UK property fund. According to Tim Worstall, a Forbes contributor, Open Ended funds are essentially Banks, without the Regulatory oversight.
We have a situation were market valuations, liquidity and volumes are all under pressure. No doubt this situation will pass. It certainly offers a Private Equity style buying opportunity for savvy investors, as a number of such funds attempt to re-balance their property portfolios.
In my view, technology is another sector where valuations are rather rich, and liquidity significantly worse than property. From an investors perspective whether a fund is open or closed would impact the outcome of a crunch there.
Forbes post this clip, which is rather telling: