Kames says reduces price cut on UK property fund to 8.5 pct

August 17, 2016 8:22 AM

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LONDON Aug 17 Asset manager Kames Capital said it has reduced the fair value adjustment made to its UK property funds as market sentiment in the wake of Britain's vote to leave the European Union begins to improve.

The firm, part of Dutch insurer Aegon, said it had cut the adjustment on its Kames Property Income and Kames Property Income Feeder funds to 8.5 percent from 10 percent on Aug. 16.

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