Australia’s mortgage fund shaken by vehicle’s closure

2010-02-22T08:24:00

Australia’s A$25bn mortgage (£14bn, €17bn, $22bn) fund sector, in which more than A$15bn has been forcibly frozen by the federal government, has been struck another blow with Colonial First State announcing it will wind up an A$850m fund in what it says are the “best interests of investors”.

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