15 Dec RPT-Bank of England says illiquid funds should lock up investor cash for longer
Funds with illiquid assets like
property should penalise investors for short-notice redemptions
to reflect the likely price hit from a quick asset sale, the
Bank of England concluded in a review prompted by the closure of
a flagship fund run by former star stock picker Neil Woodford.
The BoE and the Financial Conduct Authority said in a joint
statement they would develop new rules next year for redemptions
a
property should penalise investors for short-notice redemptions
to reflect the likely price hit from a quick asset sale, the
Bank of England concluded in a review prompted by the closure of
a flagship fund run by former star stock picker Neil Woodford.
The BoE and the Financial Conduct Authority said in a joint
statement they would develop new rules next year for redemptions
a
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