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Absa winds down R86bn money market fund

Absa winds down R86bn money market fund Most Read Most Read Most Read Most Read Most Read Absa winds down R86bn money market fund Bank says reason for closure is clients’ mistaken belief that investments in money market unit trust funds are as safe as cash held in bank accounts BL PREMIUM 12 April 2021 - 05:09 Garth Theunissen Absa is closing its money market fund, which has almost R86bn in assets under management, citing clients’ mistaken belief that investments in the fun...
Garth Theunissen Financial Times Sunday Times Money Market Fund Step In Risk Magnus Heystek

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