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Islamic Finance Briefing - Categorized | Funds, Performance more

GCC-focused money market funds recover

Posted on 10 August 2009

From Business24-7.ae: GCC-focused money market funds are recovering from their losses and are optimistic about the second half of the year because of increased activity in the treasury, bonds and currency markets.

Buoyed by positive market conditions, providers are launching new money market funds – the second largest category after equity funds. Five new schemes were launched in the second quarter of this year compared with none in the corresponding period last year……….Full Article: Source

 
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