29.10.2008 - AXA freezes three mortgage funds
From Radionz.co.nz: AXA New Zealand has frozen three mortgage funds worth $225 million in a bid to prevent a run on its funds. It has frozen the funds for 30 days in response to fears that people will withdraw their funds to switch to investments covered by the Government's deposit guarantee scheme. At present, most managed funds are not included in the scheme..... Full Article: Source
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