Funds will be able to invest investors’ money in non-tradable instruments
The Bank of Russia has expanded the assets in which management companies will be able to invest funds from retail mutual funds (PIF). The corresponding decree, registered by the Ministry of Justice, the Central Bank published on September 23. The main part of the document comes into force 10 days after publication. It includes new opportunities for investing in non-tradable assets, crypto derivatives and machine places.
The Bank of Russia has expanded the assets in which management companies will be able to invest funds from retail mutual funds (PIF). The corresponding decree, registered by the Ministry of Justice, the Central Bank published on September 23. The main part of the document comes into force 10 days after publication. It includes new opportunities for investing in non-tradable assets, crypto derivatives and machine places.
