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Toxic SL `safe` cash fund. Plummets
![[Deleted User]](https://us-noi.v-cdn.net/6031891/uploads/defaultavatar/nFA7H6UNOO0N5.jpg)
[Deleted User]
Posts: 12,492 Forumite
http://www.guardian.co.uk/business/2009/jan/21/standard-life-toxic-mortgages
pity help those who had their pensions switched to this as they neared retirement
pity help those who had their pensions switched to this as they neared retirement
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Comments
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The losses don't seem too big, so perhaps only a small amount of the fund was invested in mortgage-backed securities.0
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I guess this was too "interesting" to post on the thread that's been running on this subject for 5 days !!!!!!!!!'In nature, there are neither rewards nor punishments - there are Consequences.'0
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Have you looked at the main thread associated with this (its only one line up)?The losses don't seem too big, so perhaps only a small amount of the fund was invested in mortgage-backed securities.
The point is (IMHO) that a fund that crawls along making at best 3-4% gain in a year should not be losing 5% in one day!Awaiting a new sig0
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