Croatia's Hanfa OKs launch of three investment funds

ZAGREB (Croatia), May 15 (SeeNews) - Croatia's financial services regulator, Hanfa, said it has approved the launch of several investment funds by SQ Capital, Erste Asset Management, Raiffeisen Invest and Intercapital Asset Management.

SQ Capital, a Croatian company for management of investment funds, received approval to establish and operate an open-ended alternative investment fund with private offering, SQ Cobold, Hanfa said in a statement on Tuesday.

SQ Cobold will invest mainly in listed and unlisted equity instruments of companies from Croatia, central and eastern Europe and other companies with capital markets in development.

Erste Asset Management received Hanfa's approval to set up and manage Erste Money Market USD open-ended investment fund with public offering. The fund will invest in assets denominated in US dollars, mostly T-bills.

The regulator also allowed Erste Asset Management to merge its open-ended investment fund with public offering Erste E-Conservative into Erste Money Market.

Raiffeisen Invest, a company for management of UCITS funds, was granted approval to establish and manage open-ended investment fund Raiffeisen Money Market with public offering. The fund will invest in different money market instruments issued or guaranteed by the governments of Croatia, Austria, France, Italy and Spain.

Hanfa also gave the green light to Intercapital Asset Management to launch an open-ended investment sub-fund with public offering named InterCapital EUR Romania Govt Bond 5 - 10yr UCITS ETF, and to include it in umbrella fund InterCapital UCITS ETF. The sub-fund will invest mostly in bonds and other debt instruments and money market instruments denominated in euro and issued by the government of Romania.