Something amiss about Absa Money Market closure | The Citizen

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Something amiss about Absa Money Market closure

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NEWS ANALYSIS: Absa’s closure of money market fund only fuels speculationAbsa saying it closed the fund because clients didn’t understand its risks doesn’t add up, considering 30% of assets are from retail investors
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Absa’s closure of money market fund surprises asset managerThe Prudential Authority (PA) said yesterday that it had no concerns regarding Absa Group’s decision to close its Absa Money Market Fund (AMMF), worth around R80 billion, following its engagement with the bank since last year.
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NEWS ANALYSIS: Absa’s closure of money market fund fuels speculationAbsa saying it closed the fund because clients didn’t understand its risks doesn’t add up, considering 30% of assets are from retail investors
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