Frozen Funds
27 October 2008
News of Frozen Redemptions Worries Many investors, but not DV&A Clients.
Frozen Funds
Various fund managers including Perpetual Trustees, Australian Unity Investments (AUI), and Colonial First State (CFS) have frozen redemptions from their mortgage funds. DV&A Financial Advisers do not use these funds for client investment.
This does not effect any of our clients or their investments.
Macquarie Bank deposits are guaranteed with the exception of CMT which is 100% invested in guaranteed deposits.
If you require any further clarification, please of not hesitate to contact our office on (07) 5574-1884 or email admin@dvanda.com.au