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Financial advisory
RES5Financial Advisory Services✓Why do the reported values of a DIRECT physical property fund tend to be 'smoothed' compared with those of a listed property fund?
Direct property is valued by periodic professional appraisal, which is infrequent and smooths reported values, whereas listed property securities are marked continuously to a live, volatile market price.
Reversing which vehicle is appraised periodically and which is marked to live market price.
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