National Association of Investment Funds Societies (Costa Rica)
in Central America
Friday, July 15, 2011
The proposal to finance small enterprises using venture capital remains stalled.
Since last year, authorities have been analyzing financial market regulations that support the creation of the framework and its use for small businesses.
The delay, they say, is because they want to analyze every aspect of it, especially with regard to the risks, believing it could its use could become popularised among investors that do not meet the profile.
Wednesday, December 8, 2010
Despite the international financial crisis, assets have grown by 8% in 2010 and the number of investors increased 10% to 33.432 customer accounts.
Among other options, stock funds won over many investors reappearing as an investment option with over 200 investors. Also open Growth Funds increased 12%, Megafunds with an 11% increase and Money Markets with 12%.
Tuesday, November 2, 2010
A court decision removed the obligation to collect commission on early fund recovery or to enforce minimum periods of investment for those funds.
The measure had been adopted by the Supervisory Board of the Financial System (CONASSIF), amending the General Rules on Mutual Funds Investment to prevent investors without the appropriate profile from entering into long-term funds.
Tuesday, February 9, 2010
The Securities Commission (Sugeval), is preparing regulation to enable venture capital funds to conduct public offerings.
In Costa Rica there are several venture capital funds, but they are private and cannot perform public offerings. The regulation to allow them to do it could be ready in a couple of weeks.
“José Rafael Brenes, CEO of the Costa Rican Stock Exchange, explained that Sugeval has the regulation almost ready, and could be ready in a few weeks”, reported Nacion.com.
Monday, January 25, 2010
In Costa Rica, investment funds grew 16% in 2009, in spite of losing almost 10% of their investors.
During the past financial crisis, the Costa Rican market turned out to be more stable than international markets, making it a relatively safer place for storing capital.
Monday, March 16, 2009
In Costa Rica, 55% of the total in investment funds is in extreme liquidity instruments.
The fear caused by the financial crisis has prompted investors to abandon growth and income investment funds which typically offer better returns and put their money in highly liquid, low return funds, where the money can be withdrawn in less than 24 hours.
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