Investment funds summit to study impact of US sub-prime crisis
The Ibero-American Investment Funds Federation (Fiafin) is meeting in Costa Rica on Wednesday and Thursday of this week. Some 160 members from 13 nations are expected to attend.
Monday, June 9, 2008
Fiafin aims to make investment funds more attractive to the investing public. The meeting aims to study issues such as innovations in collective products, as well as the impact that the US sub-prime crisis will have on the funds industry in Latin America
Despite the international financial crisis, assets have grown by 8% in 2010 and the number of investors increased 10% to 33.432 customer accounts.
In Costa Rica, investment funds grew 16% in 2009, in spite of losing almost 10% of their investors.
Measures oblige firms to have liquid assets ready to meet obligations.
Three diversified investment funds that invest their assets abroad had a big reception from individual investors.
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