Global Investment House launches Increasable Guaranteed Fund
Global Investment House has launched an increasable guaranteed fund. The facility’s objective is to offer increasable guarantee on the fund capital and simultaneously generate high returns in the long run by investing in Kuwaiti listed blue chip companies as well as Kuwaiti dinar denominated fixed income instruments.
The investment strategy capitalizes on preserving the fund's capital by investing in a combination of fixed income instruments and stocks thus increasing the capital guarantee as the fund assets appreciate.
The fund's capital ranges between five to 100 million Kuwaiti dinars ($17-340 million), with a five year term renewable for another five years, and is open for subscription and redemption at the end of every year. Furthermore, the guarantor of the fund is a leading Kuwaiti bank.
Global Investment House is a Kuwaiti investment company with a capital of KD 15 million and licensed by the Central Bank of Kuwait. — (menareport.com)
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