There is a likelihood of new regulations targeted at special funds.
By
Kepha Muiruri
Business Reporter
Nation Media Group
The Capital Markets Authority (CMA) has warned managers of the fast-growing special funds against unethical marketing, including advertising of high returns but failing to provide sufficient information and disclosure to clients, which often masks significant risks.
Investors are increasingly moving into higher-yielding special funds, lifting the segment’s market share to a record high.
As financial products become more sophisticated, the conversation is also shifting at an institutional level.
The licensing drive extended to the asset management industry, where CMA approved three new fund managers.
Fund managers note that most MMFs had invested in longer-dated government bonds to help hold up returns above double-digit as…
The Capital Market Solicitors’ Association (CMSA), Nigeria’s leading association of solicitors and commercial law firms engaged…
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