Announcements and Notifications

Soruce : Interactive Investor

Interactive Investor-Origo Partners (OPP) announced that its subsidiary, Origo Asset Management, has launched a new fund which will invest in Mongolia.Interactive Investor-Origo Partners (OPP) announced that its subsidiary, Origo Asset Management, has launched a new fund which will invest in Mongolia.

 

The fund will provide access to companies listed on the Mongolian Stock Exchange, the Mongolian currency Tugrik, and high interest savings deposit rates at Mongolian commercial banks, which reach up to 15%. Shares were flat on the news.

The Mongolian economy saw 14.1% year-on-year growth in the first half of the year, according to Origo.

CEO Chris Rynning said: “Mongolia is set to continue profiting from its world-class natural resource assets, and we are confident that the fund will give investors attractive exposure to Mongolia in a way which has been previously unavailable.”

http://www.iii.co.uk/articles/18329/markets-banks-and-miners-send-ftse-100-plummeting