Credit Suisse Launches MENA Dedicated Fund

DUBAI — Credit Suisse on Tuesday launched an open-ended fund, the Credit Suisse SICAV One (Lux) Equity Middle East & North Africa Fund which targets both institutional and retail investors in the region.

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By Staff Report

Published: Wed 19 Aug 2009, 11:06 PM

Last updated: Sun 5 Apr 2015, 9:33 PM

Credit Suisse said it has so far raised $40 million or more than Dh150 million for the fund from institutional and private discretionary clients.

Benchmarked against the MSCI Arabia Ex Saudi Arabia (domestic) Index, the fund provides investors with active management, daily liquidity and exposure to a blended investment style including value and growth.

Portfolio construction will be limited to 40-60 stocks and adheres to high standards of risk management.

“We believe the Middle East offers investors a broad range of investment opportunities with a region endowed with vast natural resources and a favourable demographic profile. On-going structural reforms, regulatory and economic liberalisation are providing a strong impetus for capital growth. Our long standing presence on the ground leaves us well placed to make investment decisions,” said Farid Samji, portfolio manager of Credit Suisse’s Asset Management. — rocel@khaleejtimes.com

Staff Report

Published: Wed 19 Aug 2009, 11:06 PM

Last updated: Sun 5 Apr 2015, 9:33 PM

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