7IM provides investors liquidity through partial merger of suspended funds

Drum Income REIT uncovered as illiquid

James Baxter-Derrington
clock • 2 min read
DRUM Income REIT trades on a discount to net asset value of 15.4%
Image:

DRUM Income REIT trades on a discount to net asset value of 15.4%

Investors in the 7IM Absolute Return and Income portfolios have been afforded some liquidity through a partial merger of the suspended funds as the firm isolates toxic assets.

As of 25 June 2021, the suspended 7IM Absolute Return and Income portfolios have partly merged into the 7IM Real Return and AAP Income funds, which will enable investors to redeem the majority of their...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space

  • Get ahead of regulatory and technological changes affecting fund management

  • Important and breaking news stories selected by the editors delivered straight to your inbox each day

  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts

  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Funds

Pascal Rochat of Active Solar fund
ESG

Sustainable & ESG Investment Awards finalist's interview: Active Solar fund

Finalist in Best Sustainable & ESG Thematic Fund category

Investment Week
clock 21 October 2021 • 4 min read
St James's Place CEO Andrew Croft

St James's Place AUM up 25% year-on-year

Improving consumer confidence fuelled net inflows

Jenny Turton
clock 21 October 2021 • 1 min read
The closures mark the third and fourth in a single week

Two further fund closures adds to abrdn's growing tally

Japanese Growth and Financial Equity

James Baxter-Derrington
clock 20 October 2021 • 1 min read