Rasmala fund returns exceed expectations
Dubai, October 31, 2009
Rasmala Investment Bank announced that its GCC Fixed Income Fund has achieved 25 per cent returns to investors, after only six months since its launch.
“We fully expect that the GCC fixed income and sukuk markets will continue to develop, and that they will grow into an important sector of the global fixed income market,” said Eric Swats, head of Asset Management, Rasmala.
The Rasmala GCC Fixed Income Fund invests in a diversified portfolio of GCC bonds and sukuks across different countries by issuer, coupon and maturity. The fund focuses on investment grade credits which are currently providing very attractive yields to investors.-TradeArabia News Service