The South Asian Federation of Exchange (SAFE) will roll out a Saarc mutual fund for capital markets in South Asia, South Asian News Agency reports. The product, which is set to launch in October, will invest in stock markets in South Asian countries.

Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka will fund the vehicle. The asset manager, trustee and custodian of the fund will be appointed from the Saarc countries.

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