Global Investment Performance Standards will open door to international capital flows - Punch Newspapers

  • 📰 MobilePunch
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 63%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

The most widely read newspaper in Nigeria

19th December 2022The adoption of Global Investment Performance Standards , including mark-to-market accounting of traded securities, will enable Nigerian mutual funds to feature on international fund comparison sites. Supported by reliable and globally comparable performance data, Nigerian mutual funds will attract global investment, positioning mutual funds as the country’s default destination for discretionary savings.

Especially in the wake of the 2008 global financial crisis, regulators around the world have applied much more stringent compliance standards to the global mutual fund industry. To remain active in global capital markets mutual funds, asset managers and advisors have been forced to keep up with global best practice. This always means adopting GIPS.

“Our own Securities and Exchange Commission rules clearly favour mark-to-market fund evaluation,” observes Czartoryski. While implementation is currently patchy it is likely only a matter of time before either the regulator, market forces, or a combination of the two ensure broad-based compliance.

Fund managers using the amortised accounting method will report steadily increasing values to the fund’s unit holders. Fund managers following the mark-to-market valuation method will report fluctuating values to the funds’ unit holders, though the cash flows provided by the underlying securities are no different.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 8. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Nigerian diaspora remittances in 2021 trump foreign direct investment – BuhariGarba Shehu, one of the president’s media aides, quoted the president as commending Nigerians in the diaspora in a statement...
Fonte: PremiumTimesng - 🏆 3. / 78 Consulte Mais informação »

Firm pledges $1bn investment in Nigeria, othersVisa has announced a $1bn investment spread across five years in Nigeria and other African countries.
Fonte: MobilePunch - 🏆 8. / 63 Consulte Mais informação »

Obaseki, EU Explore Investment Opportunities In Culture, Capacity DevtEdo state governor, Mr. Godwin Obaseki, has said his government is strengthening partnership with the European Union (EU) to sustain the gains recorded by his
Fonte: LeadershipNGA - 🏆 4. / 77 Consulte Mais informação »