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"We feel confident that the gains of last month despite a negative market performance in the U.A.E. The strong, steady performance of this fund since its launch in the first quarter of this year once again highlight its flexibility and strength. This is a particularly good fund for volatile market situations and a good element in any well balanced portfolio."
The APTF, is an innovative fund that benefits from an effective timing of the purchase and sale of individual stocks chosen by Daman. The fund was launched in conjunction with Facet Funds plc, an offshore funds platform regulated by Cayman Islands Monetary Authority and Commander Asset Management Ltd, authorized and regulated by the UK's Financial Services Authority (FSA). The APTF utilizes Commander Asset Management's proprietary risk analysis programme model.
Launched in February 2005, APTF has a minimum investment limit of US$1 million and redemption is quarterly. The fund has been specifically designed with the ability to hold shares (equity) or cash. Individual positions are sold when conditions dictate and cash is held until a reinvestment opportunity arises in that particular stock. Currently the portfolio consists of 64 stocks from GCC, out of over 450+ that have been evaluated.
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Posted by Anne-Birte Stensgaard, Senior News Editor
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