To honor the occasion of the primary market opening of the National privatization fund, the first closed-end investment fund listed on the Mongolian Stock Exchange, Mr. Bayarsaikhan, Chairman of the Financial Regulatory Commission, Mr. Altai, Chief Executive Officer of Mongolian Stock Exchange, Ms. Baigalmaa, Chief Executive Officer of Mongolian Central Securities Depository, Mr. Gankhuyag, Chairman of Board of Directors of Ard Financial Group JSC, Ms. Khandaa, Chief Executive Officer of National Privatization Fund and other delegation visited Mongolian Stock Exchange and opened the 6245th securities trading of MSE by ringing the bell.

"Today marks a historical event in the Mongolian capital market that welcomes the first investment fund unit to the local capital market in which only stocks and bonds have been traded over 30 years. Retail investors will be able to grow their capital by professional asset management and diversify risks by investing in the fund. We believe that many other funds will be offered to the public and can further help stimulate and develop the local capital market," said Mr. Altai during the ceremony. 

The National privatization mutual fund (MSE: XOC) is offering 95 percent or 47.5 million units of its total units to public and strategic investors at a fixed price of MNT100 per unit, and aiming to raise a total of MNT4.75 billion. The proceeds will be invested in the international and domestic markets and the profits generated from investments will be distributed to investors as a dividend.

Investors can subscribe for the fund’s units during the period between October 5, 2020 and October 15, 2020, from 10:00 am to 16:00 pm through their brokers.

Please click here to see the fund prospectus.

MONGOLIAN STOCK EXCHANGE