An article was published in Mongolia weekly.
The percentage of people actively participating in the stock market is notably low, while a greater number of individuals are susceptible to fraudulent “get-rich-quick” schemes as was evidenced by recent scandals around cryptocurrency and tokens. Furthermore, the professional investment management system is still in its nascent stages of development.
To further improve public access to finance, Ashid plans to establish an Angel Investment Fund for small and medium-sized enterprises, and a Private Pension Fund to address the inadequacies of the current state retirement insurance system. The company aims to attract investors from both domestic and international markets, as well as institutional and private sectors.
By advocating for an inclusive, impact investment culture, Ashid Asset Management is contributing to Mongolia’s progress towards achieving the United Nations Sustainable Development Goals and fostering ESG-driven private investment growth.
