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$2bn DIC fund for DIFX
- United Arab Emirates: Monday, November 13 - 2006 at 08:06
Dubai International Capital's $2bn Global Strategic Equities Fund could list on the Dubai International Financial Exchange within the next three years, reported Gulf News. Sameer Al Ansari, DIC's CEO, said the fund will aim for annual returns of 15% and will target the world's top 500 listed companies. Around $1bn is expected to be raised for the fund this month, with a further $1bn anticipated in the next six months.
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Jonathan Sheikh-Miller, Deputy EditorMonday, November 13 - 2006 at 08:06 UAE local time (GMT+4)
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This article was updated on Thu Nov 16 2006.
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