In the Margins

Argentina to funds: Cut book value of USD assets

September 25, 2015

By BloombergBusiness

Argentine regulator CNV has enacted a rule requiring mutual funds to change the way dollar securities are valued in their portfolios. Some expect the move to prompt sales in the secondary market as money managers unload the funds rather than book losses. Economy Minister Axel Kicillof said the rule was meant to protect small investors from volatility. Read the original story from BloombergBusiness