DWS would cancel 90% of redemptions in €4.3bn property fund
FROM THE WIRE · TIMWORSTALL.COM
The €4.3bn “Grundbesitz Europa” fund, the biggest of three DWS open-ended property funds, would cancel 90 per cent of each investor's redemption requests, DWS said on Monday as it seeks to preserve liquidity. Are the two issues exactly the same? No, of course they are not, but…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA partial redemption block in a large open-ended property fund can weigh on investor confidence.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01The €4.3bn Grundbesitz Europa fund is the biggest of DWS's three open-ended property funds.
- 02DWS said on Monday it would cancel 90% of each investor's redemption requests.
- 03The company says it seeks to preserve the fund's liquidity.