'Long-term asset funds'; long-term fund liquidations ; and 'interest rate roulette' - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend …
New funds will lock in investors to prevent Woodford-style sell-offs Funds that limit withdrawals by investors are being developed by investment firms and the Treasury to prevent repeats of the Woodford "debacle", according to this Sunday Times article. A new type of investment class - a "long-term asset fund" - is set to be unveiled at a conference later this week, the piece says, with the aim of averting a liquidity crisis in the industry. A taskforce for the Investment Association, it continues, "has been working for more than a year on proposals to develop a new type of fund, and a...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
