The Angola Capital Markets Commission has approved the registration of IMOVEST, a new closed-end real estate investment fund offered via private subscription. The fund’s investment policy covers the acquisition of real estate assets including properties or autonomous units for residential, commercial, services, warehouse and industrial use, as well as surface rights to support land development, construction and real estate projects. It may also acquire units in other real estate collective investment undertakings and equity stakes, and invest in Angolan Treasury securities, bank deposits and units in investment funds with a residual maturity of under 12 months. INDEPENDENT FINANCE ADVISORS – Sociedade Gestora de Organismos de Investimento Colectivo, S.A. is the management company and Banco de Negócios Internacional, S.A. is the depositary.