· Insurer blocks exit for 100,000 investors · Crisis has seen some funds lose 50% of value The insurance group Axa shut the door to withdrawals from its £2.1bn property funds yesterday, the latest victim of the slump in commercial property. Axa said more than 100,000 small investors in the fund would not be able to access their money for up to six months, although regular income already being paid, retirements and death claims will not be affected. It joins Friends Provident, Scottish Equitable and Scottish Widows in halting withdrawals from once high-flying funds, which many savers have seen as...