Abu Dhabi Investment House (ADIH) launched Islamic equity and structured products aimed at offering rare opportunities to investors, ADIH in a statement said. In the statement the investment institution said: "Investors can participate in two new funds being launched by the firm in co-operation with its Geneva-based subsidiary." The initial offering period lasts from until July 31.The minimum subscription amount is $100,000. ADIH Islamic Helvetic Fund-Global Islamic Equity, the new equity fund, will invest in shares of companies worldwide in accordance with the principles of Shari'a investment. The new fund's strategy aims at capital preservation while offering an appealing alternative to classical asset classes such as fixed-income and money-market investments: return objectives are set to 10 per cent per year net of fees with a volatility of 5 per cent.
Based on a multi-management approach which has been rarely available among Shari'a-compliant equity funds up to now, the fund will gradually allocate its assets between complementary investment strategies, combining sector and regional allocation as well as fundamental and quantitative models. The fund's launch is timed to exploit robust growth rates in emerging markets and possible recovery of the equity markets globally during the second half of 2008.
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