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Credit Suisse has announced that dealing on their Target Return Fund will be suspended from 20 June 2008 and the fund will close thereafter.
Since the credit crunch began last summer the performance of the
Buy your fund from Hargreaves Lansdown and save up to 5.5% on the initial fund charges. Investment values can go down in value as well as up and you may get back less than the amount you invest. Hargreaves Lansdown Asset Management Ltd. is authorised & regulated by the Financial Services Authority.
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We shall write to our clients affected by this fund closure shortly. Those who hold the Credit Suisse Target Return Fund in Vantage can select an alternative investment from more than 2,000 funds, around 1,400 of which have a 0% initial charge.
Anyone still invested in the fund at noon on 20th June will have their holding sold and the cash raised will be held on their Vantage account.
Fund research is provided by Hargreaves Lansdown. Hargreaves Lansdown is an independent broker offering unit trust, stockbroking and other pension and investment services. No news or research item is a personal recommendation to deal.