Press Release
UK AUTHORISED PROPERTY FUNDS
23 November 2007
Responding to recent press coverage on property funds, Richard Saunders, Chief Executive of the Investment Management Association (IMA) said,
"Our statistics show that while retail investment in the UK authorised property funds market has slowed down in recent months it remained positive over the summer. Next week we will be publishing figures for October, which will show a modest outflow of 1% of total assets of property funds. Redemptions at this level are well within the liquidity capacity of these funds and are perfectly manageable."
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