Ulaanbaatar, October 14, 2020 - The National Privatization Fund, Mongolia's first closed-end mutual fund, rang the Mongolian Stock Exchange’s opening bell on October 5th. The fund ticker is “MSE: ХОС”. New Fund Offering subscription dates are October 5th to October 16th and the fund subscription is nearly sold out at this time.
The National Privatization Fund has issued 50 million units with a unit price of MNT100, of which 95 percent or 47.5 million units are offered to the public. The National Privatization Fund plans to invest in public investments on both domestic and foreign stock markets. Investors can subscribe to the Fund's unit rights MSE:XOC through their brokerage companies.
The National Privatization Fund will help investors to reap gains from investing in equity, fixed income, commodities, and ETFs on foreign and domestic public markets. In the long-term, the Fund plans to participate in the privatization of local banks and state-owned enterprises.
The Mongolian Stock Exchange TOP-20 index, which is the indicator for the Mongolia’s equity market, has grown by an average of 54.3 percent per year over the past 15 years. The weighted average annual interest rate on bank deposits for the same period was 12.5%.
For more information:Phone: 77078282
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