'Turbulent market' sees Kames and Aviva property funds suspended

Mike Sheen
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Kames  began blocking any instructions to purchase, sell or switch shares or units in the funds yesterday
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Kames began blocking any instructions to purchase, sell or switch shares or units in the funds yesterday

The £501m Kames Property Income fund and its feeder funds have been forced to suspend as a result of current "turbulent market conditions" making it impossible to accurately value property holdings, Investment Week has learned. In a statement to investors Kames Capital said the Property Income fund's standing independent valuer CBRE had made the judgement that it could not accurately price the holdings and, in accordance with COLL rules, it had made the recommendation to close. On 18 Ma...

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