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Investor fund sufficient to cover risks

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HARARE


The Securities and Exchange Commission of Zimbabwe says the Investor Protection Fund, at current levels, is sufficient to cover any risks to investors on the Zimbabwe Stock Exchange. This comes as the fund declined marginally in the first quarter due to the depressed performance of the stock market. The IPF reduced 3,6 percent to $5,3 million in the quarter to March 30, 2016 from $5,5 million in the quarter to December 31, 2015. SECZ chief executive Tafadzwa Chinamo said that the IPF’s levels are determined by the performance of the stock market, which constitutes 45 percent of its investment. The rest is invested in money markets and property sector. – Herald

 

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