Mutual funds switch to European classification
Raiffeisen Capital&Investment - 8 Februarie 2010
According to a media release, mutual funds will switch beginning of 2010 to the European classification.
Among the changes implied, a shares fund needs to invest a min. of 85% in shares, compared with 66% the present ratio, in order to be called a shares fund. Monetary funds can no longer invest in bonds while bond funds can no longer invest in shares.
Sursa: http://www.rciro.ro
Tags: funds
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