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Nicaraguan stockbrokers create fund for real-estate

Wednesday, October 10, 2012

The Nicaraguan stockbrokers' association, Asobolsa, is promoting a real-estate investment fund that aims to attract resources from national and international investors who are planning major construction projects.

The creation of such a fund comes within the current rules of the stock market, no no new regulations are needed, said Mauricio Padilla, president of Asobolsa.

Asobolsa has already established a company to administrate the funds provided by the investors.

Source (in Spanish): El Nuevo Diario