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Funds loosen strings on redemption periods

Business24-7 – Investment funds that extended redemption periods because of adverse conditions in the market have started to cut their notice periods.

The move comes in response to positive factors such as the recent market rally and improved liquidity levels following the government’s measures to boost the economy.

Funds that have cut redemption periods – the time investors must wait to receive their cash when they sell a holding – include Permal, Markaz and Jabre Capital.

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