Emirates NBD launched Emirates Mena Fixed Income Fund

Emirates NBD launched Emirates Mena Fixed Income Fund which will be managed by Emirates NBD Asset Management Limited, the asset management arm of the Emirates NBD group. It is an open ended US dollar denominated fund, aims to achieve a high level of income as well as capital growth, by investing in fixed-income instruments in Mena region.

Key features of the fund include diversified portfolio of Mena fixed income securities, option of semi-annual income distribution, open-ended with weekly dealing, and an estimated yield of approximately 6%.

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Their full release follows