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Updated November 11, Thousands of ANZ customers risk losing cash on etrade anz cash investment account investments, after the bank suddenly shut down a share market investment fund and suspended access to deposits. In a message sent to customers via online banking this morning, ANZ said the Online Investment Account Unit trust would be closed immediately.

Today's message to customers says the fund will be wound up and its assets sold. The proceeds will be distributed among customers by December However, it warns the amount customers receive could be less than the investment balance displayed on their online banking accounts.

Mr Lean says he was given no warning that ANZ planned to close the fund and suspend access to accounts today. The online investment etrade anz cash investment account was set up inand it managed by the bank's subsidiary, OnePath Funds Management. As an exchange-traded fund, it allows customers to deposit a pool of cash to be invested in the top companies listed on the Australian Securities Exchange.

Customers are able to deposit and withdraw money from the account, as long as the withdrawals do not exceed the estimated value of their investment. According to the bank's website, the value of the fund has increased by The product was originally launched to customers in ," the spokesperson said. First posted November 11, If you have inside knowledge of a topic in the news, contact the ABC.

ABC teams share the story behind the story and insights into the making of digital, TV and radio content. Read about our editorial guiding principles and the enforceable standard our journalists follow. What goes into manufacturing the various textiles we wear and how do the environmental impacts of each compare?

Residents of Bendigo are asking themselves if "all publicity is good publicity" after being pranked by animated series Rick and Morty. Sydney has its own team of highly skilled seafarers tasked with guiding the world's biggest ships into one of the world's busiest harbours. ANZ bank logos are displayed on signs outside a bank branch in Sydney in April Sergio Dionisio, file photo.

ANZ expects dollar to stay high until US winds down stimulus. ANZ posts fourth straight record profit. Can you actually learn a language online in three weeks? Connect with ABC News. Got a news tip? Editorial Policies Read about our editorial guiding principles and the enforceable standard our journalists follow. Tell us about your experiences with aged care in Australia. Textile manufacturing's impact By Tegan Taylor What goes into manufacturing the various textiles we wear and how do the environmental impacts of each compare?

Rick and Morty bushwhack Bendigo Residents of Bendigo are asking themselves if "all publicity is good publicity" after being pranked by animated series Rick and Morty.

Marine pilots in action By Rachel Hayter Sydney has its own team of highly skilled seafarers tasked with guiding the world's biggest ships into one of the world's etrade anz cash investment account harbours. Real estate's ethical grey area Palaszczuk releases Commonwealth Games speech she's not etrade anz cash investment account to make 'He was face down, disarmed': Etrade anz cash investment account accused of excessive force during arrest.

Just In The curse of living too long Cate Campbell ups the ante at Commonwealth Games with an eye to Tokyo From the Queen's photobomb to flushed condoms, the weird and wonderful Commonwealth Games moments Traffic chaos on Sydney Harbour Bridge as police try to get man down With a glimmer of hope, Australia's disastrous tour of South Africa meets its end Staff left in tears, unsure how to pay rent after Red Lea Chickens collapses Cyclists etrade anz cash investment account to be peddling proposed km Sydney bike network Grieving dad puts spotlight on compulsory defensive driver training Palaszczuk releases Commonwealth Games speech she's not allowed to make Police responding to 'active shooter' at YouTube headquarters.

Most Popular 'I thought I was going to die': Police take-down of disability pensioner revealed Cricketers' Association says players 'rushed' to comment on ball tampering Channel Nine suspended from Games coverage until after opening ceremony Police put off their game by a larger predator in SA waters Margot underwent gastric balloon surgery, three months later she was dead Man who used 'affluenza' drunk driving defence walks free from jail Victim angered as paedophile abuser wins working with children check Dutton denies PM 'retracted' his comments about white South African farmers Tropical Cyclone Iris stirs off north Queensland coast as category two system photos Faulty water pump, stranded raft etrade anz cash investment account cause of Dreamworld ride deaths'.

Why some migrant children do so much better at etrade anz cash investment account Facebook's business model is incompatible with human rights One last chance for luckless Australia This is what it's like trying to find a job when you have autism If any good is to come out of Cape Town, it's a lesson on bullying culture Natural disasters expose women's emergency preparedness gap How etrade anz cash investment account night's fight affects the way couples divide housework Five tips to help you make the most of reading to your children Sydney can't just surf the Buddy wave to victory.

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