Don’t reinvent the wheel when it comes to fund liquidity

We don’t need new fund structures to tackle liquidity concerns with open ended funds– the ideal vehicle already exists – investment trusts.

The fallout from the gating of Neil Woodford’s open-ended equity income fund, as he tries to sell illiquid assets to pay back disillusioned investors, continues to reverberate through markets. Investors in the UK pulled £1.9bn out of actively-managed open-ended funds in the three months to the end of June, notes Vicky McKeever on Citywire....
source: Money Week

2019-07-16 18:26
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