By Huw Jones LONDON (Reuters) - Investment funds in commercial property should suspend trading when valuations become uncertain, Britain's Financial Conduct Authority proposed on Monday in draft rules to apply lessons from a market run after the Brexit vote. The FCA proposed a package of rules and guidance for funds that hold illiquid assets including commercial property that are hard to sell in stressed market conditions when investors often ask for their money back. "Open-ended funds that invest in illiquid assets can encounter difficulties if significant numbers of investors simultaneously try to withdraw their money at short notice," the FCA said in a statement. After the result of the UK referendum on EU membership in June 2016 several property funds were temporarily suspended. The FCA said the suspensions generally worked as intended and that no major overhaul such as introducing mandatory liquidity buffers was needed, but that improvements could be made. The proposals include … [Read more...] about UK watchdog proposes tougher rules for property funds
Open ended fund
Palestinians condemn US ending funding for UN refugee agency
Mohammed Daraghmeh, Associated Press Updated 6:21 am CDT, Saturday, September 1, 2018 File - In this Wednesday, Aug. 29, 2018 file photo, girls sit inside a classroom at an UNRWA school during the first day of a new school year in Gaza City. A spokesman for the Palestinian president says the American decision to cut funding for the U.N. agency aiding Palestinian refugees is "an attack on the rights of the Palestinian people." The U.S. supplies nearly 30 percent of the total budget of the U.N. Relief and Works Agency, or UNRWA, and had been demanding it carry out significant reforms. The decision cuts nearly $300 million of planned support. less File - In this Wednesday, Aug. 29, 2018 file photo, girls sit inside a classroom at an UNRWA school during the first day of a new school year in Gaza City. A spokesman for the Palestinian president says the ... more Photo: Felipe Dana, AP … [Read more...] about Palestinians condemn US ending funding for UN refugee agency
U.S. ends funding of U.N. Palestine refugee agency
Susannah George Associated Press Published 12:18 p.m. UTC Sep 1, 2018 Washington – The United States is ending its decades of funding for the U.N. agency that helps Palestinian refugees, the State Department announced Friday, a week after slashing bilateral U.S. aid for projects in the West Bank and Gaza. The U.S. supplies nearly 30 percent of the total budget of the U.N. Relief and Works Agency, or UNRWA, and had been demanding reforms in the way it is run. The department said in a written statement that the United States “will no longer commit further funding to this irredeemably flawed operation.” The decision cuts nearly $300 million of planned support. It comes as President Donald Trump and his Middle East pointmen, Jared Kushner and Jason Greenblatt, prepare for the rollout of a much-vaunted but as yet unclear peace plan for Israel and the Palestinians, and it could intensify Palestinian suspicions that Washington is using the humanitarian funding as … [Read more...] about U.S. ends funding of U.N. Palestine refugee agency
US ends funding of UN agency for Palestinian refugees
Susannah George, Associated Press Updated 1:49 pm PDT, Friday, August 31, 2018 Protesters run to cover from teargas fired by Israeli troops, while others burn tires near fence of the Gaza Strip border with Israel, during a protest east of Gaza City, Friday, Aug. 31, 2018. Gaza's Health Ministry says Israeli gunfire wounded about 80 Palestinians at a weekly protest along the border with Israel. less Protesters run to cover from teargas fired by Israeli troops, while others burn tires near fence of the Gaza Strip border with Israel, during a protest east of Gaza City, Friday, Aug. 31, 2018. Gaza's Health ... more Photo: Adel Hana, AP Photo: Adel Hana, AP Image 1 of / 1 Caption Close Image 1 of 1 Protesters run to cover from teargas fired by Israeli troops, while others burn tires near fence of the Gaza Strip border … [Read more...] about US ends funding of UN agency for Palestinian refugees
Vietnam Entertainment Fund makes debut
The Vietnam Entertainment Fund (VEF) made its debut in HCM City on Thursday. — Photo VNAViet Nam News HCM CITY — The Vietnam Entertainment Fund (VEF), which aims to increase value through medium- and long-term investments in the entertainment sector, made its debut in HCM City on Thursday. This type of open-ended fund operates under the holding form, meaning that the company will hold shares of other firms. … [Read more...] about Vietnam Entertainment Fund makes debut