02.02.2011 - SAIB BNP Paribas Asset Management launches SAIB Sukuk Fund
From Cpifinancial.net: The minimum amount to subscribe into the fund is SAR 100,000 ($26,667) and it will provide twice-monthly liquidity. The Fund aims to generate income and capital appreciation through investing in a diversified portfolio of GCC-based Sukuk issues and other short term liquid instruments. The fund's risk level is categorised as moderate to high due to the credit and liquidity risks associated with regional Sukuk issues. In order to manage the credit risk, the fund will predominantly invest in high quality investment grade rated issues..............................................Full Article: Source
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