The Financial Regulatory Commission approved the establishment of Mongolia's first open-end mutual investment fund on April 6, 2022. The Fund is the second mutual investment fund established by Ard Management Brokerage LLC (Ard Management).
The first Fund established by Ard Management, the National Privatization Fund, raised MNT4.75 billion from the public and has made successful investments in 2021 to reach a valuation of MNT9.3 billion. The second Fund, the Investor Nation, plans to raise MNT2.85 billion from the public.
The Fund will serve as a bridge to open, accessible, and low-risk financial freedom for investors, allowing them to benefit from both domestic and international financial markets.
The Investor Nation Fund Manager Handsuren Ch. said, "There are currently 126,457 mutual investment funds worldwide. They play a crucial role in helping people make smart investments and reap tangible benefits from the stock market. One such case is the National Privatization Fund, which generated a 91.2 percent return from the stock market in 2021. We are pleased to announce the launch of Ard Management's second Fund, Investor Nation. The most significant feature and advantage of the open-end Fund are that investors can sell their unit to the Fund at any time, just like with a termless deposit at a bank, and they can repurchase units from the Fund at any time. This will allow investors to receive returns from the Fund's investment.
The time has come for us to become the first investors in Ard Management's next Fund, the Investor Nation Fund.
For further information:
Headquarters: Ard Management Brokerage, 13th floor, Central Tower, 8th horoo, Suhbaatar district
Tel: 7707-8181, 89892264