First Sentier shuts fixed income funds, hands back $14b
First Sentier will shut down its Australian fixed income and global credit units and hand back $13 billion to investors, marking the end of what was once the biggest local bond fund.
The $237.6 billion Sydney-headquartered fund manager, formerly known as Colonial First State Global Asset Management, says it will also close its emerging companies and equity income strategies, handing back another $1 billion.
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