Investors 'misled' over Barclays funds

Laura Miller
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Barclays has misled more investors into buying risky funds, recent evidence suggests.

Company documents highlight concerns over Norwich Union Balanced Distribution, Barclays Dynamic Tracker, and Barclays Dynamic 70 Tracker, which hold £400m of investors' money between them, according to a Daily Mail investigation. It follows last year's mis-selling crisis when customers were mis-sold Aviva Global Balanced Income and Aviva Global Cautious Income funds. Both quietly had their risk rating increased by the bank in 2007. Barclays confirmed it re-categorised some funds in mid-2007. Yet documents show they were still describing them as lower risk in late 2007, the Mail report...

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