The Stock Exchange of Mauritius (SEM) lists today, its 13th Global Fund. This listing constitutes yet another realisation in SEM’s quest to reach out to global and specialised funds, bringing the number of such funds listed on the SEM to doubledigit figures over the last two years.
Funds, both global and local are growingly turning to the SEM platform for a listing as this move confers a number of potential advantages to them. A listing on a wellregulated and internationally recognized Exchange raises the visibility of a fund and its marketability vis-à-vis a wider range of investors. Many investors, in particular certain specialised institutional investors, can only invest in funds that are listed on a recognized Exchange. SEM is member of the World Federation of Exchanges (WFE), recognised by the U.K. Her Majesty’s Revenue & Customs and is an approved Stock Exchange by the Cayman Islands Monetary Authority. Another important value-enhancing advantage of a listing on SEM relates to the publication of a fund’s data and statistics on SEM’s website and other publications of SEM. A listing of a fund on SEM also provides its investors with the additional comfort that the fund needs to comply with the regular reporting and compliance requirements of the SEM.
The admission of Theseus Property Fund on the Official Market is in line with revamped Chapter 16 Listing Rules whereby compliance with the general conditions for listing has been reviewed to accommodate the listing of a wider range of fund structures.
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