Mutual funds have increased the size of the property

Investments Finansy09-04-2007 Federal Service for Financial Markets upgraded the size of the property formed mutual funds. Now, according to a new order, the management companies to launch new fund will need to invest more capital than it was before. The minimum value of the property, upon reaching a mutual fund will be formed and can begin work, increased by several times. To open the mutual fund, this amount is set at 10 million rubles for Interval Fund - at 15 million rubles, and for a closed fund - 25 million. Until the entry into force of these claims amounts required for entry into the fund accounted for 2.5 million rubles - to the public and private funds, 5 million - for the interval. According to analysts, this step FFMS fully justified, since the requirements for the value of the assets of mutual funds that were established 10 years ago, is outdated. While this very active market grew and developed. Market participants calmly assess these changes, noting that they will contribute to strengthening the reliability of the mutual fund industry. "Through this decision, Federal Financial Markets Service improves the stability of the collective investment market, reducing the opportunity for creating mikrofondov focused on several shareholders", - says Sergey Hestanov, managing director of Finam Management ".