Ethiopia publishes rules for six types of pooled investment funds
ECMA has published its collective investment schemes directive, setting out rules for six fund categories and requiring investor assets to be held separately from fund operators.
In short
- ECMA has published its collective investment schemes directive, setting out rules for six fund categories and requiring investor assets to be held separately from fund operators.
Ethiopia’s capital-market regulator has published a directive governing collective investment schemes, establishing operating rules for six types of funds that pool investors’ money.
The Ethiopian Capital Market Authority’s official register lists the Directive on Operation of Collective Investment Schemes as published on September 23, 2026. The Reporter detailed the rules in a report dated September 26, 2026.
The categories cover money market, mutual, real estate, exchange-traded, alternative investment and special designation funds, according to The Reporter. Its account says operators must use an independent licensed custodian bank to hold investors’ cash and securities, separating custody from fund management.
The newspaper reports that money market funds must place at least 80 percent of their net asset value in money market instruments. Real estate funds must hold at least 80 percent in income-producing property and distribute 90 percent of profits annually.
The framework gives pooled investment vehicles a defined place in Ethiopia’s developing securities market. Publication of the rules does not itself establish that any particular fund has been licensed or opened to investors.
