Abu Dhabi-based, privately-owned Royal Capital on Sunday said it launched its debut investment fund that targets fixed income markets in the Middle East and North Africa.

The open-ended fund is restricted to institutional investors and high networth individuals with a minimum investment required of $250,000.

Set up in early 2008, Royal Capital plans to launch several other funds this year, the statement said.

HSBC is the global custodian, registrar and administrator of the fund, Royal Capital said.-Reuters