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MIDF to convert bond funds to money market funds

Posted on 28 April 2010

From Thestar.com.my: MIDF Amanah Asset Management Bhd has set its sights on converting two of its bond funds into money market funds before 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 — were not suitable to be managed as such due to the small size…………………………………..Full Article: Source

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