Friday, August 3, 2007

AXA props up funds after subprime losses

(Reuters) - AXA said it would invest its own money in the funds in order
to prop up their liquidity but would allow investors to sell
their holdings if they wished to do so. AXA added it had closed
the funds to new investors.




An AXA IM spokeswoman said on Friday that these temporary
measures remained in place for the time being.


Read more at Reuters.com Bonds News

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