AREF has published recommendations for fund pricing aimed at ensuring the fair treatment of clients. The recommendations are in two parts: a method of determining the “Standard Net Asset Value” of a fund; and, for open-ended funds, a set of recommendations for determining the unit dealing prices. It will be necessary to produce the Standard NAV in order to comply with the minimum requirements of AREF’s Code of Practice with effect from 1 January 2015 and the Code of Practice will be updated accordingly.
Click to download the Survey of Financial Advisors Report from May 2014.
Click the link to download the latest Results from the survey.
Following the lively debate at the recent Fund Pricing event, you are invited to provide your comments on the attached report. This is your last chance to comment on the future shape of this essential AREF guidance which is expected to be finalised and published later this summer.
Comments should address the questions raised within the draft report and should be submitted no later than noon on Tuesday 24 June 2014 by email to email@example.com.
As part of our continued drive to increase transparency in the funds industry, we publish the first edition of this twice-yearly review commissioned from Property Funds Research (PFR) which gives a comprehensive picture of the real estate funds market globally using data gathered on nearly 3,000 funds worldwide