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Pocketmags Digital Magazines
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Pocketmags Digital Magazines

Clouds hang over UAE mutual fund industry

• Mutual funds industry in UAE in limbo as it waits for clarity on new registration and promotion rules

• Rules allow an asset manager to register a foreign mutual fund for sale in UAE rather than a local promoter

The mutual funds industry in the UAE is awaiting clarity on the Securities and Commodities Authority’s (SCA) recently introduced registration and promotion systems, despite the success of Goldman Sachs Asset Management (GSAM) in registering new funds for retail investors.

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