Research by closed-ended funds analysts QuotedData has revealed the median discount throughout the entire investment company sector more than doubled in the 12 months to the end of June.
The median discount across the sector widened from 5.1% to 12.4% over the 12 months to the end of June 2016, QuotedData has revealed. Property and private equity were two of the worst hit sectors, with a number of direct UK property trusts seeing their discounts widen by as much as 20% during the period. Schroder Real Estate, Kennedy Wilson European Real Estate, F&C Commercial Property, UK Commercial Property and Standard Life Investments Property Income, were all badly hit in week after the Brexit vote. Schroder Real Estate saw its 1.6% premium drop to a 14.7% discount and Standar...
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