ING targets $5bn for Middle East

Wednesday, June 18 - 2008 at 10:52

ING Group, one of the world's largest fund managers, is looking to raise $5bn in three years to invest in the Middle East as it expands its fund management operations into the region. The Dutch firm's new Middle East Investment Management unit aims to begin production of a range of funds for institutional investors and aims to launch a $1bn long-only equity fund of Middle Eastern stocks in 2009, reported Reuters.

Jeff  Florian Jeff Florian, Senior Reporter
Wednesday, June 18 - 2008 at 10:52 UAE local time (GMT+4)

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