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ADIH launches two Islamic funds

Manama, June 5, 2008

Two new funds are being launched by Abu Dhabi Investment House (ADIH) in co-operation with its Geneva-based subsidiary.

ADIH Islamic Helvetic Fund and Global Islamic Equity will invest in shares of companies worldwide in accordance with the principles of Sharia investment.

Based on a multi-management approach which has been rarely available among Sharia-compliant equity funds up to now, the fund will gradually allocate its assets between complementary investment strategies, combining sector and regional allocation as well as fundamental and quantitative models.

The fund's launch is timed to exploit robust growth rates in emerging markets and possible recovery of the equity markets globally during the second half of this year.

The ADIH Islamic Helvetic Fund will invest in high-income structured investment products offering potential for capital gains, such as barrier reverse convertibles, equity yield notes and callable return notes.

The fund positions will be monitored in an active risk management approach.-TradeArabia News Service




Tags: ADIH | Islamic Funds | launch |

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