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AAP
AAP
Business
Derek Rose

Perpetual funds hit with ASIC stop orders

Perpetual ASIC
Perpetual is one of Australia's biggest fund managers with $89.8 million in assets under management. (Steven Saphore/AAP PHOTOS) (AAP)

Fund manager Perpetual says it has stopped the sale and distribution of two funds the competition watchdog says might be too risky for retail investors.

The Australian Securities and Investments Commission on Friday issued an interim stop order on Perpetual preventing it from offering or distributing the funds to retail investors for three weeks.

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