News
Colonial First State takes the hard option
Monday 10th of May 1999
Colonial First State has kicked off a massive product rationalisation which will see it close all the unit trusts it inherited when it bought Prudential last year, as well as six of its own trusts.In an effort to treat all unitholders equally Colonial has closed 15 trusts and given unitholders three months' notice of its intention to wind the funds up.
Colonial First State chief executive...
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