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Tuesday, August 07, 2007

4 Great Eastern funds have CDO exposure

Just FYI to keep ourselves updated especially with the recent US's subprime scare, below is quoted from the BT.

GEH said that the four funds - GreatLink Choice Sept 2010, GreatLink Choice Oct 2010, GreatLink Choice Aug 2013 and GreatLink Choice Dec 2013 - are invested in CDO-related products.

It said GreatLink Choice will continue to pay the annual coupon as well as the 100 per cent principal at maturity as projected if the default losses stay within the subordination levels throughout the policy term.

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