Legal & General Investment Management has removed the fair value pricing adjustment on its £2.3bn UK Property fund, as it believes the real estate market has stabilised since June's Brexit vote.
The fund will now be valued using the pre-referendum independent valuation methodology, as at the valuation point on 7 September. The company said removing the adjustment will result in a difference...
'Following the letter, but not the spirit, of the rules'
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Reduces chances of rate hike
Designed to park short-term cash