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UK experience a lesson in liquidity risk

Friday 12th of July 2019

The issue of liquidity has been a focus of attention since British fund manager Neil Woodford's Equity Income Fund was frozen due to liquidity issues.

It had invested heavily in illiquid assets, which became a problem when a large number of investors wanted to withdraw their money because of perceived underperformance.

In New Zealand, the Financial Markets Conduct Act allows...

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