Burgan Bank's Burgan Equity Fund records significant performance in 2012
- Kuwait: Monday, February 04 - 2013 at 12:25
- PRESS RELEASE
Burgan Bank announced that its Burgan Equity Fund has recorded a successful performance in 2012.
The Burgan Equity Fund enjoys a balanced investment policy which aims at long term capital gains with minimum possible risk to accommodate the fund's nature. The fund invests across a wide range of sectors such as oil & gas (1.39%), basic materials (5.24%), industrial (18.34%), consumer goods (5.15%), consumer services (2.19%), telecommunications (8.08%), banking (33.00%), real estate (15.28%), along with financial services (11.32%).
Salem Abdul Mohsen Al Haroon, Burgan Bank's Senior Investment Banking and Treasury Officer said: "We are pleased with the performance of Burgan Equity Fund during last year. The fund posted significantly higher return rates due to its balanced investment policy. Burgan Equity Fund aims at providing investors with high returns by investing the funds' assets in local securities that are listed across the Kuwait Stock Exchange. The majority of the fund's investments are in the financial services & banking sectors."
Burgan Bank's Burgan Equity Fund is amongst the bank's varied investment tools that specifically targets investors seeking exposure to Kuwaiti stocks.
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / 4C. AME Info FZ LLC / 4C is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.