Aegon switches property fund pricing as inflows swell

It says the move has resulted in an instant fund price increase of about 7%. The fund moved from a creation to a cancellation price basis in August 2007 because net redemptions exceeded new money invested. "This could be an indication of a wider trend of positive cash flows into the commercial property sector and suggests that investors' optimism has returned," Aegon head of investment marketing Mark Pearson says. A rush to withdraw money from its commercial property funds forced Scottish Equitable to introduce delays of up to 12 months for its customers in January 2008. The del...