AWD Chase de Vere has called for a bit of perspective regarding property funds, saying recent changes have "spooked investors".
The firm is responding to recent moves by Standard Life, Prudential, New Star and Norwich Union to reduce payouts to those liquidating. But AWD Chase de Vere’s Justine Fearns says investors must “stay calm”, pointing out the investment value still held in the funds is not affected. “Generally speaking, property funds currently have enough liquid assets to adequately cover withdrawing monies,” she says. “However, most will make changes to the pricing basis prior to reducing the cash element of a fund to protect remaining investors and ensure that those leaving the fund pay an appropriate ...
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