Friday, August 17, 2007

fears the worsening credit environment could drag on growth

Spanish fund limits withdrawals

MADRID, Aug 16 (Reuters) - Spanish fund March Monetario Dinamico has limited withdrawals for its around 3,000 investors due to knock-on effects from the world-wide credit squeeze, a Banca March spokesman said on Thursday. The limitation on withdrawals from the 250 million-euro ($337 million) fund of funds is due to the freezing of BNP Paribas fund Parvest Dynamic ABS, Banca March said in a statement to the Spanish stock market

Posted by jose @ 02:02 PM (506 views)
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