Equities market closed today on a negative note, as NSEASI depreciated by 0.01% to close at 31,038.86basis points as against 0.31% depreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -1.25%.
Following the success of Diaspora enrolment which kicked off in South Africa early March, 2019, the National Identity Management Commission (NIMC) has extended the programme to the United Arab Emirates (UAE) and the United Kingdom (UK).
The first mutual fund (investment fund) was set up in 1774 in Netherlands by a Dutch merchant known as Adriaan Van Ketwich. Van Ketwich’s fund ran for about 49 years, but his innovation created a hallmark for personal investing globally and emergency of other mutual funds in Europe and its surroundings.