This content is from: Innovation

HSBC Saudi Launches Commod Fund

HSBC Saudi Arabia has rolled out an open-ended commodities fund.

HSBC Saudi Arabia has rolled out an open-ended commodities fund, Trade Arabia reports. The HSBC Amanah Commodity Index Fund is a Shariah-compliant fund.

The fund will seek long-term capital growth by allocating to commodities in a Shariah-compliant manner. The new vehicle will be benchmarked against the performance of a commodity index.

Click here for the story from Trade Arabia.

Related Content