UK-based funds affected by the closure of the US markets are expected to re-open on 18 September, th...
UK-based funds affected by the closure of the US markets are expected to re-open on 18 September, the day after the US markets, writes Kira Nickerson. Groups will need to wait until the close of the first day of trading before portfolios can be accurately valued. With US markets closed, some 30% of all UK-based unit trusts and Oeics have been suspended since the terrorist attacks in New York and Washington on 11 September. Most bond and Far East funds are available once more for valuation as the markets for these areas were re-opened last week, having temporarily suspended trading in ...
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