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Why not, its written in the PDS's hat they receved Its not just Colonial, its the whole sector. A positive thing is that many of these were used for clients who were retired, thus the need for capital was not huge, all they required was stability and regular distributions, (which most are...

Like? Is it the fund, or is it the asset class that has you pissed off

I also thought it was quite poor media reporting by an entity that i wont name. I got two phonecalls after it went to air that Colonial were totally bust, the reporter should have got their facts right.

I dealt with this issue today at work, and its a non issue really. It hit my desk late last night from the research houses. The fund is a unit trust which invests clents monies into mortgages. Since the government introduced the bank guarentee, there were a run on these fnds, generally they...