Australian Mutual Fund Blocks Investors From Withdrawing Money

Colonial First State is the latest wealth management company to freeze funds down under: previously Perpetual, AXA, and Australian Unity did last week.  Read the coverage here.

Could this happen in the US and/or Canada?  You bet.  Why not?  Getting pretty scary.  Nothing like someone preventing you from taking your money before it falls to zero.

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Tagged as: Australia, international economy