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MKB launches new investment fund

The MKB group will start a new investment fund called the Fund of MKB Funds, business daily Napi Gazdaság reported. The first 3-day quotation of the fund's investment units has been finished, while regular trading will be started next week. The fund will invest into the six other funds of MKB and a fund of Bayern LB International Fund Management SA called Pharma Global. Basically, it will be a moderate-risk mixed fund: ratio of share-based and mixed MKB funds may be up to 50% and 30% will be in risk-free assets.