Barwa Bank launches its first equity fund
The First Investor GCC Equity Opportunities Fund is name of a new 100% Shariah compliant investment scheme, launched by the Barwa Bank. The bank's first Shariah compliant fund will be managed by the investment subsidiary of the bank. The fund's investment goal is to achieve long-term capital growth based on investments in a diversified portfolio of equities that are listed on exchanges of the Gulf Co-operation Council countries. According to the head of Asset Management it is possible to achieve more than 12% growth a year, as their selections have consistently outperformed the market.