No One Really Knows What Open-Ended Funds Will Do

Questions raised as a succession of U.K. property funds halt redemptions.

U.K. Property Funds Frozen to Halt Withdrawals

It's summer, political uncertainty is in the air, asset prices are plummeting, and concerns about the ability of open-ended funds to withstand a wave of redemptions are rising. Only it's also the summer of 1962, John F. Kennedy is the U.S. president, and the S&P 500 is seesawing between 69.55 and 54.75.

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