Al-Gharaballi: Global Islamic Fund of Funds invests in local and ...
Global Investment House "Global" announced today that it has launched "Global Islamic Fund of Funds," an open-ended fund of funds investing in local and international Shari'a compliant funds.
Mr. Sameer Al-Gharaballi - Executive Vice President at Global said, "The fund's objective is to provide long term capital appreciation with reduced risk by investing in a diverse basket of Shari'a compliant funds and instruments." He added that the fund's strategy is to invest the majority of its assets in a core of "carefully selected Islamic funds that complement each other in risk and return." The fund will also invest in low risk instruments to reduce the overall volatility of the portfolio. The rest of the fund will be invested opportunistically in new tools or funds that materialize in the future.
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