The wider world of funds has come under scrutiny after Woodford's open-ended fund
was dramatically suspended in June when investors rushed to take their money out.
The FSDC is glad to note the commencement of the open-ended fund
company regime and the proposal to introduce a limited partnership regime for private equity funds, which accord with the FSDC's recommendations in its reports on open-ended fund
companies and private equity funds (Note 2).
The new Fund is an open-ended fund
which will be invested in Shariah Compliant instruments, ideally to cater the requirements of those investors who wish to earn Riba Free Halal Income while seeking maximum possible preservation of their capital.
The Saudi Arabia-based asset manager has announced the launch of the Al Rajhi IPO fund, an open-ended fund
to primarily invest in IPO opportunities in the Kingdom of Saudi Arabia with an aim of providing capital appreciation for the fund investors in the medium to long term.
It is an open-ended fund
that seeks medium to long term capital appreciation by investing in a portfolio of companies listed on major stock markets across the Middle East region, said a company statement.
Summary: Muscat: Al Hilal Mena Fund (AHMF), an open-ended fund
based on Mudaraba structure, operating ...
Summary: Abu Dhabi-based asset manager, Invest AD has launched a fixed income fund to tap the Middle East and African debt markets.The open-ended fund
has been launched with $25 million seed capital from Invest AD.
The BLME High Yield Fund is an open-ended fund
, with a minimum investment of $250,000 with sterling and euro share classes also available.
The open-ended fund
will invest in publicly traded stocks of companies that meet strict Sharia law criteria, the bank said.
He said that the government intended establishing the open-ended fund
to help companies generate clean energy and manufacture energy-efficient light bulbs and other appliances.
The Daman Speculator Fund, a trend-setting UAE-registered open-ended fund
focussed on the dynamic and vibrant nature of the UAE equity markets closed the month of October at a net asset value (NAV) of Dh103.95 ($28.3) per unit as of as of October 30, 2008, a month to date rise of 1.85 per cent and registering a total return of 4.95 per cent since inception in July 2008.
The Alpha Mena Fund is an open-ended fund
with a par value of $100 per unit and its net asset value according to its last valuation was $113.6 million.