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Insurance bonds get a boost
Tuesday 20th of June 2000
ANZ Funds Management is breathing life back into its insurance bonds, launching a new growth fund next month and re-opening its capital-protected and balanced funds.
General manager Graham Duston said the advent of a 39 per cent top tax rate was the catalyst for ANZ to reconsider its insurance bonds, which had been closed to new investors since April 1998.
One of the bonds' appeals f...
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