Daily briefs

Daily briefs: 'Cash enhanced' funds less than 30% cash: ASIC

ASIC deputy chair Karen Chester

ASIC deputy chair Karen Chester said fund managers needed to ensure their products were "true to label", finding confusing and inappropriate product names were rife in cash-labelled products.  Image credit: Lukas Koch/AAP

Recent ASIC surveillance found fund managers must do more to ensure their products were "true to label", finding "confusing and inappropriate" product labels. [.....]

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