Is actively suspending illiquid property funds the answer?

Reaction to launch of FCA rules on non-UCITS retail schemes

Mike Sheen
Investment Week deputy news editor Mike Sheen

Investment Week deputy news editor Mike Sheen

Last week the Financial Conduct Authority (FCA) revealed its new rules for non-UCITS retail schemes (NURSs) investing in inherently illiquid assets.

While the suspension of Woodford Equity Income - a UCITS fund - has been the big fund liquidity story of 2019, the regulator appears primarily worried about open-ended property vehicles. The 2016 property...

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