16.07.2009 - Ambank's new Islamic fund aims to perform in bull markets
From Bernama: AmIslamic Bank's second Islamic structured deposit, AmMomentum Select Islamic Negotiable Instrument of Deposit (NID-i), aims to perform in bull markets and protect investors against bear markets. AmBank retail banking executive director, Mahdi Murad, said the NID-i was a highly innovative rule-based asset allocation strategy that used momentum to decide how to invest in a portfolio of multiple assets.......Full Article: Source