Norwich Union has switched from monthly to fortnightly valuations on both its £3.6bn Property Trust a...
Norwich Union has switched from monthly to fortnightly valuations on both its £3.6bn Property Trust and its £397m Property Investment Fund in response to a volatile UK property market. The group said this is to make sure pricing more accurately reflects changes in the market. Trading status remains unchanged, with no limits imposed on redemptions. The Norwich Union Property Trust was devalued by 2.14% and the Property Investment Fund by 1.68% at the most recent valuation on 31 December 2007. Over the month of November the value of the Property Trust fell by 7.02%, and it has fallen every...
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