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Islamic Finance Briefing - Categorized | Funds, Performance more

Daman funds continue to show steady performance as 2011 begins

Posted on 23 February 2011

Daman Investments PSC, the leading Dubai-based investment management company, has announced the performance results of its funds: the Daman Second Emirates Fund, the Daman Islamic Fund, the Daman Speculator Fund, and the Daman Fifth Fund for the month ending January 31, 2010.
The Daman Second Emirates Fund, a UAE-registered open-ended fund regulated by the United Arab Emirates Central Bank and focused on UAE equity markets, concluded the month of January 2011 with a Net Asset Value of Dhs105.18, posting a decline of 0.58% from December 2010’s figures, as against a General Index drop of 3.97%……………………………………….Full Press Release: Source

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