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Mortgage funds overcharging, study finds

Thursday 8th of February 2007
Stuart Fechner, head of Aviva Research, said its review of mortgage funds listed on the group’s Navigator platform found that managers in the sector are building up a “considerable cash mountain”.

“While returns from the mortgage fund sector on short and longer term measures have been satisfactory with most managers providing a modest premium above cash, these returns have to be considered wit...

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