Proparco has set up a mutual fund with its partners to guarantee subscribers an annual return of 2.5% for 10 years. The aim is to support the development of the Tunis Stock Exchange and catalyze available savings.
The creation of an Undertaking for Collective Investment in Transferable Securities (UCITS) issued to local institutional investors aims to boost the Tunis Stock Exchange, while catalyzing available institutional savings.
Proparco has contributed to structuring a mutual fund whose main characteristic is to guarantee its subscribers an annual return of 2.5% for 10 years. The guarantees of Proparco and the Bank of Tunisia consist of an undertaking to acquire units of the UCITS at a price corresponding to the fund’s initial capital, plus an annual return of 2.5%.
This project will promote the development and modernization of the Tunis Stock Exchange, by familiarizing institutional investors with risk taking on the stock market, attracting institutional savings on the Tunisian financial market, and facilitating the opening of the Tunisian market to foreign investors by increasing its attractiveness.