Shock & Awe
Tuesday, November 25, 2003
At a time when bonds are soaring in popularity, there has been a sudden redemption of bonds totaling trillions of rupiah, causing tremors within the money markets.
arsip tempo : 178039969174.
IT is not only banks that are not immune to rushes. It seems mutual funds seem to go the same way. Although seen as one of the safest ways to invest, in the last three weeks mutual funds have been battered by investors redeeming their bonds to the tune of Rp5.5-6 trillion. Investment managers have been close to panic, perhaps because it did not occur to them that this catastrophe could occur. The Capital Markets Supervisory Agency (Bapepam)
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