24.08.2009 - Equity funds in GCC increase more than 30 pct in Q2
From Business24-7.ae: Unlike the first quarter of the year, equity funds registered for sale in the GCC recorded a whopping 30.45 per cent increase in the second quarter, moving year-to-date 2009 to positive territory (plus 21.14 per cent), according to the latest GCC Fund Market Insight Report from Lipper. This result contrasted clearly with the minus 12.55 per cent return posted during the first half 2008. Almost all Lipper equity categories finished H1 positively, with the exception of funds invested in Germany, which decreased 2.32 per cent...........Full Article: Source