SYDNEY, Nov 10 (Reuters) - Perpetual Ltd, an Australian funds manager, has re-opened applications for its mortgage funds, the company said on Monday.
Perpetual reopened its Monthly Income Fund, Wholesale Monthly Income Fund and Private Investor Mortgage Fund, after the funds were closed last month when the government introduced a guarantee on bank deposits.
The guarantee threw the nation's savings industry into crisis as investors pulled money out of managed funds and foreign banks and into the domestic banking system.
The three funds represent Perpetual's largest mortgage funds with combined assets of A$1.7 billion ($1.2 billion) under management.

(Reporting by Mette Fraende) Perpetual suspended applications and introduced a quarterly redemption facility for all its Monthly Income and Mortgage Funds (Funds) on 23 October. The change was in response to the recently introduced guarantee on bank deposits, which had prompted a sharp increase in redemptions from mortgage funds across the industry. Perpetual¿s Group Executive Income and Multi-sector, Mr Richard Brandweiner, said the company was re-opening applications to the funds at the request of a number of clients. Keywords: PERPETUAL/ (mette.fraende@reuters.com; +612-9373-1815; Reuters Messaging mette.fraende.reuters.com@reuters.net)

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