Commission can do more


APART from talking about a 10-year inclusive plan for Papua New Guineans to participate in buying stocks, the Securities Commission should look at the concept of the former Investment Corporation of PNG.
Workers and other individuals purchased units in the fund.
Workers could have fortnightly deductions to the fund.
The fund in turn purchased interest (shares) in companies.
The fund held shares in a cross section of PNG companies in various industries.
By doing this, the risk was spread across various industries.
The fund has since changed names.
It is now called Pacific Balanced Fund.
Can the commission look into the Pacific Balanced Fund and see how it can help achieve its 10-year inclusive plan?

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