OLD Mutual Unit Trusts announced on Monday that it is to temporarily stop inflows into its R320-million Global Technology Fund. This decsion comes after the government’s decision to limit foreign investments to 15% of domestic and not total assets. Old Mutual Unit Trusts’ managing director, Pieter van Niekerk, said that the fund would not accept new investments or switches from the close of business on Tuesday. OM Unit Trusts will, however, continue to accept existing monthly debit orders from individual investors and those made through linked product companies.
Old Mutual