Absa clients have reacted with shock to the news that Absa is closing its money market fund. According to Moneyweb, the fund is worth 75.47-billion-rand. Absa says the unit trust fund, which has been operating since 1997, will be closed on 6 July. The bank gave no reason for opting to close the fund down but hinted that some of its investors might have been using it as a bank account, which it was not meant to be.