CCLA says has cut price of three UK property funds by 4.5 pct

July 7, 2016 1:10 PM

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LONDON, July 7 Investment manager CCLA has cut the price of three institutional property funds holding a combined 1.3 billion pounds ($1.69 billion) in assets by 4.5 percent after Britain's vote to leave the European Union.

The firm, which invests money for a range of charities, religious groups and the public sector, made the change last week in response to market uncertainty after the vote, Chief Investment Officer James Bevan told Reuters on Thursday.

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