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Argentina

Argentina lets open-end funds invest up to 25% of net assets in ETF units

The capital-markets regulator's rule change widens investment options for local funds and is meant to modernize the country's capital markets.

Photo: Anderson Peres, Pexels

What happened

Argentina's capital-markets regulator, the CNV, has authorized open-end funds to invest up to 25% of their net assets in ETF units. TokenPost+1 The measure is set out in CNV Resolution 1177 and covers Fondos Comunes de Inversión Abiertos, Argentina's open-end investment funds. TokenPost+1 The authorization adds ETF units to the investment options available to these funds. TokenPost

Around it

CNV President Roberto E. Silva described the measure as part of an effort to modernize Argentina's capital markets. TokenPost+1 The change is expected to enhance market liquidity and diversify investment options for local funds. Coinfomania

Sources

  1. TokenPostArgentina Allows Open-End Funds to Invest Up to 25% in ETF Units
  2. CoinfomaniaRoberto E. Silva Announces New ETF Investment Rules for FCIA

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