GIH launches US and European equity index funds
Kuwait’s Global Investment House (GIH) launched two new funds today, the Global US Equity Index Fund, and the Global European Equity Index Fund, stated a press release.
Indexing is an investment strategy that seeks to match the performance of a selected market index, usually through the composition or a simulation to track the performance of the index. An index fund is a mutual fund that mirrors as closely as possible the performance of a stock market index.
Index funds are an excellent foundation for a long-term investment strategy and offer some substantial benefits such as simplicity, low cost, long-term performance, and diversification.
GIH is an investment company regulated by the Central Bank of Kuwait. The firm, incorporated in 1998 with a paid up capital of 15 million Kuwaiti dinars ($50 million), provides a host of services, including portfolio management in Gulf Cooperation Council (GCC) markets, mutual fund management in the region, brokerage services, merger and acquisition and corporate restructuring advisory as well as treasury operations. — (menareport.com)
© 2004 Mena Report (www.menareport.com)
- UAE equities could face fresh selling pressure
- dow jones indexes launches 2008 summer games index
- Mashreq converts conventional fund and launches Sharia’h Compliant MENA Equity Fund
- Millennium Finance Corporation launches USD1 billion Global Energy Fund and USD1 billion TMT Fund managed by Millennium Private Equity