Mutual fund revolution: EC wants them to be guaranteed like banking deposits - financiare.ro
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News » February, 2011 » 8 February 2011

Mutual fund revolution: EC wants them to be guaranteed like banking deposits
08.02.2011, 23:50 | Finance-Banks | 420 views



The European Commission wants to include mutual fund investors in compensation schemes, proposing damages of as much as 50,000 euros for each client that suffers losses. However, European states are against such a move, under the pressure of fund managers and banks, fearing that such a scheme for funds would generate high costs.

Romanian mutual funds have over 220,000 investors, with 100,000 having entered in the past two years, placing their money particularly in currency funds, which have been promoted by banks bundled with deposits.

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