The Argentina Securities Commission (CNV) announced that the first open-end mutual funds for qualified investors denominated in US dollars and investing 100% in foreign assets are now operational, reporting “successful results”. The funds were established under Article 7 bis of Law No. 24,083 and CNV General Resolution No. 1030 (as amended). Subscriptions and redemptions can be made using “dólar cable”, and the CNV noted that this fund category is subject to requirements different from other mutual funds and is exclusively available to qualified investors in US dollars, with a mandate permitting 100% investment in external assets.
Argentina Securities Commission (CNV) 2025-10-21
Argentina Securities Commission announces first US dollar qualified-investor open-end mutual funds investing 100% in foreign assets are now operating
The Argentina Securities Commission (CNV) announced the launch of the first open-end mutual funds for qualified investors, denominated in USD and investing entirely in foreign assets, reporting "successful results." These funds, established under Article 7 bis of Law No. 24,083 and CNV General Resolution No. 1030, allow subscriptions and redemptions via "dólar cable" and are subject to distinct requirements.