Add as a preferred source on GoogleArgentina Allows Open-End Funds to Invest Up to 25% in ETF Units
CNV President Roberto E. Silva framed the authorization as part of an effort to modernize Argentina’s capital markets.
Argentina’s capital-markets regulator has authorized open-end funds to invest up to 25% of their net assets in ETF units, expanding the investment options available under the country’s rules.
CNV Resolution 1177 covers Fondos Comunes de Inversión Abiertos (FCIA), Argentina’s open-end investment funds.
The 25% ceiling applies to a fund’s investment in ETF units.
The authorization adds ETF units to the investment options available to FCIA funds.
CNV President Roberto E. Silva described the measure as part of an effort to modernize Argentina’s capital markets.
The measure concerns investment rules for Argentina’s open-end funds.
Riza Dagoc
Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.