FMA eyes terminated funds
It was revealed last week that the four Blueprint funds were being terminated after an investment into an illiquid asset.
Investors are expected to get up to 90% of their money back in the coming weeks, but New Zealanders may get less than those in other funds.
New Zealanders are primarily invested in the van Eyk Blueprint International Share Fund.
Van Eyk chief executive Mark Thomas had a meeting with the FMA last week. He said about 20% of the International Share Fund was invested in the illiquid asset. He said there were no concerns about the value of the investment, just its liquidity.
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