Costa Rica's Cathay pulls out of investment funds

Costa Rica's Cathay financial group is withdrawing its investment funds from the market, leaving 132 investors to seek other opportunities.

Monday, June 2, 2008

Geannina Gurdián, a Cathay manager, said the group found that management of the funds took up time that could be more profitably occupied in other activities.

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Investment Funds in Costa Rica

June 2012

In the market there are 14 investment fund management companies, managing a total of approximately 100 funds.

In Costa Rica there are about 41,000 depositors in mutual funds, 14 mutual fund companies and 100 funds of different types.

The minimum amount to invest varies by institution.

Less Investors, But More Active Ones

January 2010

In Costa Rica, investment funds grew 16% in 2009, in spite of losing almost 10% of their investors.

During the past financial crisis, the Costa Rican market turned out to be more stable than international markets, making it a relatively safer place for storing capital. Because of this, assets managed by investment funds grew to $2.48 billion.

Costa Rican Investment Fund Market 2010

December 2010

Despite the international financial crisis, assets have grown by 8% in 2010 and the number of investors increased 10% to 33.432 customer accounts.

Among other options, stock funds won over many investors reappearing as an investment option with over 200 investors. Also open Growth Funds increased 12%, Megafunds with an 11% increase and Money Markets with 12%.

Costa Rica: Long-term funds subject to new rules

May 2008

Measures oblige firms to have liquid assets ready to meet obligations.

Last week the General Securities Office approved a change in articles 34, 61 and 67 of its general rules relating to administrative companies and investment funds.
The goal is to create better management of the maturity dates of assets held by the long-term open funds.

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