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Aberdeen extends trading suspension

aberdeen-asset-managementAberdeen has extended the suspension in trading on its UK Property Fund until 11 July.

The £3.2bn fund, which invests in 79 properties, temporarily suspended trading yesterday to for 24 hours while put in place dilution adjustments.

It had marked down its funds by 17% to try and stave off a rush of redemptions.

What’s going wrong with open-ended retail funds?

Aberdeen marks down property fund by 17%

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