Common Investment Funds Contribute to Argentina’s Financial Development
Common Investment Funds (CIF) help improve the position of small investors and boost the country’s financial development, states the ECLAC publication “Common Investment Funds and Financial Development”, prepared within the framework of an agreement between ECLAC-Buenos Aires and the Argentine Chamber of Common Investment Funds.
CIFs are professionally managed funds brought together by several investors with similar objectives in order to broaden and diversify their portfolios.
The document analyzes the potential contribution of CIFs to Argentina’s financial development and discusses possible strategic lines of action to further develop them.
Using a comprehensive approach, the publication examines the functions of the funds in capital markets and their recent development in the world, along with the advantages they offer to investors and the way in which this industry generates value by allocating savings to investments.
It concludes that developing CIFs requires a regulatory framework favorable to innovation, profitability and competitiveness. Therefore, regulatory officials play a critical role.
In addition, research shows that counting with an efficient means of collective investment is an advantage not only for greater growth and competitiveness in the global economy, but also for incorporating small investors in capital markets and facilitating upward social mobility.
This is vital to fulfilling objectives that are important for social inclusion, such as purchasing a home, financing child education or accumulating savings for fair living conditions as elderly adults, concludes the document.More information is available on the ECLAC website.
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