Moneyspider in the News
12/02/2008
Commercial property was the fashionable sector but..
Lancashire Evening Post
Commercial property was the fashionable
sector for investors in 2005 and 2006, but propects turned dramatically
last year as values crashed from the peak of mid-2007. Some funds have
stopped investors withdrawing money for up to a year, and Tony Ahearne
at online fund performance data service Moneyspider.com thinks
the news could get worse from here.
Says Mr Ahearne: 'A number of funds
are also levying heavy penalties for early withdrawals. Investors unwilling
to take a very long-term view of this sector to find out from their
manager what the earliest possible penalty-free withdrawal date is,
and to research alternative investment opportunities.'
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