CEFs allowed to buy fund certificate from Jul 1

17-May-2011 Intellasia | Dau Tu Chung Khoan | DVT.vn | 9:16 PM Print This Post

Under the provisions of the draft decree guiding the Law on Securities being amended by the State Securities Commission (SCC) to be effective from July 1, close-ended funds (CEFs) will be allowed to convert to open-end fund.

And then these funds will have opportunities to repurchase fund certificate to support price, especially in the context that the fund certificates in the market are being discounted highly
Thus, by early in 2012, CEFs can realize the target of converting to its operation model to open format.

 


Category: Stocks

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