Mideast mutual funds do well
Middle East: Sunday, December 23 - 2007 at 07:54
The Middle East's mutual funds sector saw strong growth this year as 87 new funds were released, with 52 of them being shariah compliant, reported Gulf News. A good performance by the region's equity markets, with some advancing 30% or more, alongside keen interest from institutional investors, should enable the sector to continue to move forwards in 2008. In 2007, 24 of the new funds were established to track Kuwaiti firms.
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Jonathan Sheikh-Miller, Deputy EditorSunday, December 23 - 2007 at 07:54 UAE local time (GMT+4)
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