Something amiss about Absa Money Market closure | The Citizen

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Something amiss about Absa Money Market closure

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MARKET WRAP: BAT and Absa lead JSE lossesAll the major indices were under pressure on the day as a spike in Covid-19 in some countries weighed on global sentiment
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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
Source: BDliveSA - 🏆 12. / 63 Read more »

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.
Source: IOL - 🏆 46. / 51 Read more »

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
Source: BDliveSA - 🏆 12. / 63 Read more »