The Investment Association has issued a briefing note in the wake of a series of property funds suspending trading this week, saying the move is the "most important tool" to protect investors.
The association said the asset management industry clearly recognises and explains the fact that open-ended funds carry a liquidity risk for unitholders and the suspensions show the regulations are "working...
The US dollar is close to peaking and the risks now seem to be on the downside.
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