Liquidity risks acute for popular retail funds – Esma
Eight per cent of real estate fund NAV may be withdrawn over a one-day period
Real estate (RE) funds and funds of funds (FoFs) in the European Union could struggle to meet investor redemptions after just a few days of sustained outflows, a report by the European Securities and Markets Authority (Esma) shows.
Just 4% of the net asset value (NAV) of all RE funds’ portfolios can be liquidated over a one-month time horizon. But 16% of these funds’ NAV can be redeemed by
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