News

Equitable investors shift into debentures

Thursday 4th of February 2010

The trust has had a  tough couple of years and has become "uneconomic" and outside the government's retail deposit guarantee scheme.

Equitable made the decision to move towards exiting the trust in October after "substantial changes" in the market and changing regulation over the past three years, spokesman Andrew Mexted-Bragg said.

Since then, about 48% of investors have swi...

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