Ban on false advertising for exchange-traded fixed income funds
The Investment Fund Inspection Department of the Stock Exchange Organization announced through a letter to the managers of fixed income investment funds that the use of certain words in the advertisements of these funds is prohibited; And in this letter, it is stated that the reviews of the advertisements of some investment funds indicate that in the advertisements that are made to encourage investors to invest, there are misleading and untrue statements with the content of "Profitability Advertisements, Guaranteeing the interest rate and risk-free investment and in the advertisements of these funds, misleading themes such as fixed income, non-sustainable returns, continuity of profitability, definite profit and similar content have been used, which should be avoided separately. to be
The use of words such as continued profitability, stable or safe returns without risk, and profit without risk, etc., are things that induce the audience to safely receive the profit mentioned in the advertisement from the fixed income investment fund. but if we check the facts, we can see that these profits can be changed according to the conditions of the money markets, and it is not that they are fixed and continuously, the profits are the same as advertised, because if this is the case, the profit of fixed income funds a year ago is much lower. It is from their current profit, and in the meantime, if the profit of these funds was supposed to be constant, it should remain the same number. It is possible that this issue will change with the intervention of the politician. As a result, using words like definite profit is problematic because it cannot be thought like that.