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Hollands calls for funds to stay open despite crisis

IFA BestInvest has called on fund managers not directly affected by yesterday’s attrocities to keep funds open and not suspend trading.

Deputy managing director Jason Hollands says that the tragic loss of life overshadows all other concerns. But he is urging investors not to take drastic action that will crystalise losses.

He also argues that despite massive costs likely to be felt by the certain sectors such as the insurance industry the impact globally may be less significant.

He points out that the US is already some way into a downturn which could actually provide some element of downside protection.

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