Price cut on UK property funds
Asset manager Kames Capital has reduced the fair value adjustment made to its UK property funds as market sentiment begins to improve.The firm, part of Dutch Insurer, Aegon, said it had cut the adjustments on its Kames Property Income and Kames Property Income Feeder funds to 8.5 per cent from 10 per cent.
“ A fair value pricing adjustment continues to be applied to the direct property portfolio in the expectation of further pricing falls, however property values to date have not fallen as much as initially expected,” it said in a statement.
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