Global Launches New Islamic Fund Of Funds

May 15 2007 | 11:38am ET

Global Investment House has launched the Global Islamic Fund of Funds, an open-ended vehicle investing in local and international Shariah-compliant funds.

The offering’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, according to the firm. It will also invest in low risk instruments to reduce the overall volatility of the portfolio. Additionally, the fund may invest in all types of funds similar to equity, real estate, hedge funds and private equity funds compliant with the Islamic law.

Global has teamed up with AlRayah Consultancy to review and confirm that all the underlying managers comply with the Shariah.

The fund’s minimum subscription is US$25,000 with a monthly subscription frequency and quarterly redemptions after the lockup period.


In Depth

Q&A: MackeyRMS's Chris Mackey On A High Tech Fix To Broker Votes

Jun 23 2017 | 8:17pm ET

The looming implementation of the EU’s MiFID II rules regarding research has put...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 
Error

From the current issue of