Will Other Funds Follow Scottish Equitable? ; Background

Summary

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Scottish Equitable's move to clamp down on withdrawals from its commercial property fund has led to fears that there could be a Northern Rock-style run on these once popular investments.

Yesterday's announcement follows only a month after Friends Provident made a similar move and there are concerns that others will follow suit as investors rush to take out their cash.

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Extract

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Will Other Funds Follow Scottish Equitable? ; Background

Commercial property funds, which invest in office blocks and retail space, were, until only recently, favourites with both priva...

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