Australian Mutual Fund Blocks Investors From Withdrawing Money

October 27, 2008 · 0 comments

in Australia, international economy, news and updates

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.

Blog Traffic Exchange Related Posts Blog Traffic Exchange Related Articles From Other Websites

Leave a Comment

Subscribe without commenting

Previous post: Now’s a Good Time To Get Out of the US Dollar

Next post: Phillipine Stock Exchange Halted, Shares Fall 10%