I put a small amount of money into FPAY to see if it performed as they said it would and I'm really annoyed they are winding this fund up. I'm glad my folks didn't take up my recommendation to put money into it. I think its poor form on Managements behalf to wind up the fund are after stating that for investors it should be at 5-7 year investment horizon. If Unit holders don't get ALL of their money back this will be a very dark stain on a company that is already bleeding FUM. very disappointing.
MFG Price at posting:
$12.23 Sentiment: Hold Disclosure: Held
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