Mena-invested funds rocketed in the first half of 2008 while funds registered for sale in the Gulf C...
Mena-invested funds rocketed in the first half of 2008 while funds registered for sale in the Gulf Cooperation Council region were not spared the problems of current global markets, according to Lipper's first-half GCC fund market report. Equity funds registered for sale in the GCC returned -12.8% in the first half of 2008, with only seven of the nearly 70 equity categories listed by Lipper posting positive average performance. Yet regional funds invested in the Middle East and North Africa, including the GCC, did particularly well. According to the research, funds invested in the Mena ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
