News

ASB closing mortgage funds

Wednesday 10th of August 2005

The reason for the change is the rise in popularity of fixed mortgages, says Head of ASB Group Investments Robert De Luca. Money going into the fund was used for floating rate mortgages but demand for these had fallen over the years.

“The mortgage fund is one for the largest funds in New Zealand and it has got to the size where we decided we co...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.