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MIDF Amanah to convert two bond funds into money market funds

Posted on 27 April 2010

From Bernama: MIDF Amanah Asset Management Bhd has set its sights on converting two of its bond funds into money market funds before the year-end, says Chief Executive Officer and Chief Investment Officer, Scott Lim.

He said the bond funds, MIDF Amanah Bond Fund and MIDF Amanah Islamic Bond Fund, are not suitable to be managed as such due to the small size…………………………………..Full Article: Source

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