Baku. Vahab Rzayev - APA-Economics. Azerbaijan’s State Committee for Securities has sent the Bill on Investment Funds to the presidential administration for approval.
The committee said 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.
Mutual funds may compete with commercial banks in Azerbaijan
08 September 2008 16:04 (UTC +04:00)
İDMAN XƏBƏR
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