The Risk Classification and Investment Limits Commission (CCRyLI) approved as an investment alternative for pension funds, the public offer of shares of César Iglesias, SA and the Fondo de Inversión Cerrado de Desarrollo Reservas I, both registered in the Registry of the Stock Market of the Dominican Republic.
The public offer of shares of César Iglesias, SA is the first authorized by the Superintendency of the Stock Market under Law 249-17which will allow a further democratization of the stock marketmaking it possible for pension funds, as well as any natural person, to access the share capital of this company.
This new investment alternative will contribute to improving the diversification of the Pension Fund portfolios, optimizing the risk-return ratio of them and deepening the local stock market in the short and medium term.
With the next placement of the shares of César Iglesias, one of the pending tasks of the DR stock market will be completed, the start of the so-called “listed companies”, being a milestone that will give greater depth to the market, will boost the economy and open the doors for more companies to access financing through the stock market.