Mashreq launches Middle East Ucits fund

Domiciled in Ireland, the fund is listed on the Irish stock exchange and has been authorised as a Ucits vehicle by the Irish Financial Regulator. United Arab Emirates-based Mashreqbank said the move allows investors to access the dynamic and growing Mena equity markets through an experienced and on-the-ground regional institution. As a collective investment vehicle it offers access to securities of blue-chip companies listed on the stock exchanges of the region. The fund is denominated in US dollars and seeks to achieve long-term capital appreciation. Imran Ahmed, managing director at...