|Bid||1,839.00 x 664800|
|Ask||1,839.50 x 208800|
|Day's Range||1,815.50 - 1,840.00|
|52 Week Range||1,290.00 - 1,840.00|
|PE Ratio (TTM)||24.53|
|Dividend & Yield||0.56 (2.37%)|
|1y Target Est||N/A|
British-based investment firms' long-standing ability to manage billions of euros of assets elsewhere in Europe could be threatened by Brexit, new EU guidance suggests. Asset managers in London oversee funds worth 1.2 trillion euros ($1.4 trillion) in the EU - more than their peers in France, Germany and Italy combined, according to figures from UK industry body the Investment Association.
Asset managers did not plan properly or have clear procedures for valuing their property funds under stressed market conditions such as those in the aftermath of Britain's June 2016 vote to leave the European Union, the UK's markets watchdog said on Thursday. Several property funds were suspended after the vote as a wave of investors tried to pull their money out amid speculation that Brexit would hit commercial property prices. The Financial Conduct Authority (FCA) examined the sector's responses and published its findings on Thursday, saying property funds should take external events into account as part of their planning for possible market squeezes.
Investing.com - The Reserve Bank of Australia again cautioned on the state of the housing market nationwide as uneven and noted several markets face severe high debt levels relative to income, according to minutes of the earlier July meeting released on Tuesday at which the central bank held steady at a record low 1.5%.