MANAMA: BBK has announced that its BBK-ING MENA Invest Fund has seen its net asset value increase by more than 10 per cent since its date of launch this February.
The fund is an open ended equity fund that seeks long term capital appreciation by investing in a portfolio of companies whose securities are listed in the GCC and the Middle East and North Africa (Mena) markets.
With a fund rating of AA by Standard & Poor's, the fund brings with it various advantages like daily entry and daily liquidity, highly regarded investment managers with an excellent track record, thorough fundamental analysis for investment decision making and risk management capabilities of international standards amongst others.
"We are glad to announce this increase in the net asset value of the fund during this short period of time," said BBK chief executive A Karim Bucheery. "Being open ended, investors can take benefit by entering this fund anytime and so far we have got a good response from investors."