The Capital Markets Authority (CMA) has warned managers of the fast-growing special funds against unethical marketing, including advertising of high returns but failing to provide sufficient information and disclosure to clients, which often masks significant risks.
Sources told the Business Daily that the markets regulator held a closed-door meeting with the special funds’ managers on July 2, amid the proliferation of this category of collective funds, with some players even irregularly hiring influencers to hype up the investment option.
