Amber Capital to open first mutual investment fund in Armenia
22.03.2019,
19:27
Armenia’s Minister of Economic Development and Investments Tigran Khachatryan received today representatives of Amber Capital, which will open the first mutual investment fund in the country.
YEREVAN, March 22. /ARKA/. Armenia’s Minister of Economic Development and Investments Tigran Khachatryan received today representatives of Amber Capital, which will open the first mutual investment fund in the country. According to the ministry’s press service, the main investors in the fund are the European Union, the European Bank for the Reconstruction and Development and the Amber Capital.
The minister emphasized the environment that the mutual investment fund will shape in Armenia. Top managers of the Armenian office of Amber Capital presented to the minister their priority investment programs and the amount of investments. According to the ministry, the opening of the fund in Armenia is expected in the second half of this year.
The parties were said to have discussed the importance of the investments made by various funds and other institutional investors in terms of the localization and further spread of the corporate governance culture in Armenia.
They agreed that the promotion of corporate governance principles has a positive effect on ensuring financial flows from local organizations, on access to foreign markets, as well as on the development of capital markets in Armenia.
A mutual investment fund is a type of financial vehicle made up of a pool of money collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments, and other assets. Mutual funds are operated by professional money managers, who allocate the fund's assets and attempt to produce capital gains and/or income for the fund's investors.
Amber Capital manages value-oriented and event-driven strategies in global equity markets with a focus on Europe. Founded in 2005 by Joseph Oughourlian, Amber Capital is based in London with offices in New York and Milan* and has approximately $1.8 billion in assets under management. -0-
The minister emphasized the environment that the mutual investment fund will shape in Armenia. Top managers of the Armenian office of Amber Capital presented to the minister their priority investment programs and the amount of investments. According to the ministry, the opening of the fund in Armenia is expected in the second half of this year.
The parties were said to have discussed the importance of the investments made by various funds and other institutional investors in terms of the localization and further spread of the corporate governance culture in Armenia.
They agreed that the promotion of corporate governance principles has a positive effect on ensuring financial flows from local organizations, on access to foreign markets, as well as on the development of capital markets in Armenia.
A mutual investment fund is a type of financial vehicle made up of a pool of money collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments, and other assets. Mutual funds are operated by professional money managers, who allocate the fund's assets and attempt to produce capital gains and/or income for the fund's investors.
Amber Capital manages value-oriented and event-driven strategies in global equity markets with a focus on Europe. Founded in 2005 by Joseph Oughourlian, Amber Capital is based in London with offices in New York and Milan* and has approximately $1.8 billion in assets under management. -0-
