Five companies have so far contacted IFAonline in a bid to inform IFAs that they have suspended all ...
Five companies have so far contacted IFAonline in a bid to inform IFAs that they have suspended all fund pricing or trading following yesterday's appalling events in the US.
Another 12 companies have also revealed they either have or intend to suspend trading of some funds, particularly those which have high exposure to US stocks.
To read full details of which funds and companies have been suspended, click thru the story links on the right-hand side, or read belwo for the shortened versions.
The number of companies who have suspended trading until further notice - mainly because of volatility and liquidity concerns - are as follows:
The following companies have suspended some rather than all fund pricing:
Credit Suisse Asset Management
Legal & General
Singer & Friedlander
Gartmore is still being cautious about market volatility and advising investors to resist from entering the market right now, however, New Star is still trading as normal because the firm only runs UK and European funds.
Britannic, Clerical Medical and Scottish Equitable say they are preparing statements about their trading positions and will reveal details over the next two days.
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