asset-backed fund


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Related to asset-backed fund: Asset Backed Commercial Paper

asset-backed fund

n
(Banking & Finance) a fund in which the money is invested in property, shares, etc, rather than being deposited with a bank or building society
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A fully decentralized capital marketplace, it democratizes investing by using the power of the blockchain to open up high-return, alternative investment classes to smaller investors through asset-backed funds using cryptocurrency tokens.
In this business, NCB Capital is:* Market leader in Saudi open-ended mutual funds, with a 33% market share (Tadawul, March 09).* First bank to offer local real estate funds.* First bank to offer Saudi asset-backed funds.* First bank to offer an open-ended CPPI-based fund in the KSA.* First bank to offer a Sharia-compliant global real estate securities fund.* Winner of the 2008 Failaka "Best Islamic Fund Manager in the GCC" award.* Winner of the 2009 Failaka "Best Islamic European Equity Fund" for its performance over 1 and 3 years.
Building on its asset management platform and the success of its asset-backed funds, DIB plans to continue rolling out new funds.