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Lipper research finds Islamic funds’ results are sharply higher

Posted on 21 May 2010

From Investmentadvisor.com: Islamic funds invested in the Gulf Cooperation Council (or GCC, which includes several Arab states on the Persian Gulf) sharply improved their position in Lipper rankings, according to a recent report.

These funds were “performing at the same pace as those invested in Asian emerging markets, thanks to the positive returns witnessed in the seven GCC stock markets during first quarter 2010,” Lipper analyst Dunny P Moonesawmy said in the report……………………………………..Full Article: Source

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