Mutual fund redemptions force major share sell-off

AS THE world financial crisis hit commodities and resource companies hard last week, the share prices of PNG-focused companies have also been slammed by mutual fund redemptions.

Mutual fund redemptions force major share sell-off Mutual fund redemptions force major share sell-off Mutual fund redemptions force major share sell-off Mutual fund redemptions force major share sell-off Mutual fund redemptions force major share sell-off

According to an article printed on the Motley Fool website, investors withdrew some $US52 billion (K132.40 billion, $A76.95 billion) out of mutual funds last week and some $US72 billion in September.

loader
  • Porgera: Barrick-PNG talks go on - Read more
  • Follow the companies investing in the PNG market - Read more