× Business BUSINESS MOTORING SHIPPING & LOGISTICS DR PESA FINANCIAL STANDARD Digital News Videos Health & Science Lifestyle Opinion Education Columnists Moi Cabinets Arts & Culture Fact Check Podcasts E-Paper Lifestyle & Entertainment Nairobian Entertainment Eve Woman Travelog TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified Jobs Games Crosswords Sudoku The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS
×

Capital Markets Authority draft policy open to public debate

BUSINESS
By Standard Reporter | August 6th 2015

The Capital Markets Authority (CMA) has announced the commencement of a 30-day public exposure of a draft Policy Guidance Note (PGN), which will be used to guide the operation of Exchange Traded Funds (ETFs) in Kenya.

The note and the activities commenced in line with it are subsequently expected to inform the development of a comprehensive legal and regulatory framework. An Exchange Traded Fund is an investment fund such as a unit trust that is traded on a securities exchange. An ETF can be a domestic or offshore product.

"The introduction of an ETF market in Kenya will offer investors an alternative option to invest in a pool of securities or other assets in a formal securities exchange environment. Additionally, ETFs offer a mechanism for reducing exposure to significant price fluctuations that sometimes characterise arbitrary buying and selling of securities," said CMA acting Chief Executive, Paul Muthaura.

Share this story
CBK monetary committee spares borrowers from rate hike agony
Thousands of borrowers were spared from more expensive loans after the Central Bank of Kenya Monetary Committee left the benchmark rate unchanged against wide expectations of a hike.
Absa Bank net profit for 3 months up 24pc
The performance was mainly driven by growth in interest income, particularly in the small and medium enterprises.
.
RECOMMENDED NEWS
Feedback