att : super fund and managed fund investors

  1. 38 Posts.
    If anyone think that investors in super fund and managed funds are secured creditors. They should think again.

    All the assets purchased are put in a pool, with the legal title belong to you guess it Custodians eg. ANZ Nominees

    Should anything happen, investors would be unsecured creditors too. Therefore, investors should do themselves a favour by checking if their investment custodians are happened to be ANZ Nominees.
    If they are, you should all moving your investment to other fund managers who don't use ANZ Nominees as their Custodians.

    We all should stay clear from this bad apple ANZ as they have big issue in risk management, previously posted on my other thread taken from the australian article below:

    http://www.theaustralian.news.com.au/story/0,25197,23493708-23850,00.html
 
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