PropertyEU

KanAm locks up US fund to stem tide of redemptions

By A staff reporter 2008-10-28T00:00:00

KanAm has suspended redemptions from its US-grundinvest open-ended fund for at least three months. The German fund manager said the move was necessary to protect investors in the dollar-denominated fund after a period of unusually high sales of its units in recent weeks.

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