| 28.10.2008 - Mortgage funds put up shutters |
| From Theage.com.au: More than 61,000 investors have been locked out of a clutch of mortgage funds operated by Commonwealth Bank-backed Colonial First State, marking the largest manager to be swept up in the funds freeze. The move by Colonial, which affects $3.3 billion worth of mortgage funds, has increased pressure on the Federal Government to provide some support for the retail funds sector, with analysts saying the entire sector could freeze..... Full Article: Source |