ZURICH, Oct 3 (Reuters) – The administration of Credit score Suisse Actual Property Fund Inexperienced Property (GREEN.S) has postponed a capital improve introduced for the fourth quarter, citing excessive volatility for property funds and a market setting which has deteriorated considerably.
The Swiss financial institution (CSGN.S) mentioned on Monday a profitable challenge within the fourth quarter couldn’t be assured.
“The fund administration will carefully monitor the event of the market and can determine sooner or later on a attainable implementation of the capital improve for Credit score Suisse Actual Property Fund Inexperienced Property,” it added.
Reporting by Michael Shields
Enhancing by Shri Navaratnam
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