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Azerbaijan offers Bill on Investment Funds to consultants

Azerbaijan offers Bill on Investment Funds to consultants

27 May 2009 15:35 (UTC +04:00)

Baku. Nijat Mustafayev - APA-Economics. Azerbaijanâ€™s State Committee for Securities has sent the Bill on Investment Funds to technical consultants, said Rufat Aslanly, Chairman of the Committee.

According to him, this bill is the main legal document required for the operations of investment funds.

The bill includes items on the activities of corporations and mutual funds.
Mutual funds are more widespread in emerging markets.

Investment funds will be able to invest not only in securities, but also in other assets.

The bill also focuses on protecting the rights of investors.
According to experts, because investing in the mutual funds is an alternative to bank deposits, investments could reach the volume of bank deposits.

The annual yield on the shares in mutual funds may reach 60-80% and higher.

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