BNP Paribas funds to reopen

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FRANCE - BNP Paribas confirmed it would resume calculating the net asset value (NAV) of the three funds it froze over two weeks ago in addition to allowing subscriptions and redemptions at the end of August.

According to a BNP Paribas spokesman, institutional investment has constituted 75% of the €1.6bn in the affected funds, namely Parvest Dynamic ABS, ABS Euribor and ABS Eonia. Collectively, the f...

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