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                    [ArticleID] => 295762
                    [Title] => SEC lifts limit on foreign investments by mutual funds
                    [Summary] => The Securities and Exchange Commission (SEC) has lifted the 20 percent net asset limit on investments in foreign securities by mutual fund companies.


The SEC has also allowed mutual fund companies to raise their authorized capital stock and sell the additional securities up to Sept. 30, 2005 and use accrual valuation up to Sept. 30, 2006.


All mutual fund companies, however, are required to submit a report on the monthly portfolio breakdown and comparison of net asset value per share from accrual to mark-to-market valuation.


                    [DatePublished] => 2005-09-09 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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HECTOR DE LEON

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                    [ArticleID] => 295762
                    [Title] => SEC lifts limit on foreign investments by mutual funds
                    [Summary] => The Securities and Exchange Commission (SEC) has lifted the 20 percent net asset limit on investments in foreign securities by mutual fund companies.


The SEC has also allowed mutual fund companies to raise their authorized capital stock and sell the additional securities up to Sept. 30, 2005 and use accrual valuation up to Sept. 30, 2006.


All mutual fund companies, however, are required to submit a report on the monthly portfolio breakdown and comparison of net asset value per share from accrual to mark-to-market valuation.


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                    [ColumnID] => 133272
                    [Focus] => 0
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                    [AuthorName] => Zinnia B. Dela Peña
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                    [SectionUrl] => business
                    [URL] => 
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abtest

SEC lifts limit on foreign investments by mutual funds

By Zinnia B. Dela Peña | September 9, 2005 - 12:00am

The Securities and Exchange Commission (SEC) has lifted the 20 percent net asset limit on investments in foreign securities by mutual fund companies. The SEC has also allowed mutual fund companies to raise their...

Business