www.reuters.com - (Reuters) - Australian fund manager Crescent
Wealth plans to launch the country's first Islamic pension fund
by December and allocate between 15 to 30 percent of it in
property, its managing director said.
Talal Yassine said Crescent Wealth hopes to build the fund
to between A$4 billion ($4.03 billion) and A$6 billion in five
years.
Crescent Wealth, which was established last year, currently
has less than A$5 million under management and advice but
Yassine expects strong growth for his fund due to a lack of
available Shariah-compliant financial products in Australia. (source)
Showing posts with label funds. Show all posts
Showing posts with label funds. Show all posts
Friday, June 29, 2012
Wednesday, February 01, 2012
SINGAPORE - CAPITAL MARKETS - SUT shuts two funds
www.theislamicglobe.com - Two Shari’ah compliant global equity funds based in Singapore will be withdrawn from the May 9 this year.
Singapore Unit Trusts’ Ethical Growth fund and Ethical Value fund were launched at the end of July 2001. To date the cumulative performance of the two has fallen by 35.8% and 33.7% respectively, according to data from Lipper. The funds invested most heavily in the Technology, Oil & Gas and Basic Materials sectors. (source)
Singapore Unit Trusts’ Ethical Growth fund and Ethical Value fund were launched at the end of July 2001. To date the cumulative performance of the two has fallen by 35.8% and 33.7% respectively, according to data from Lipper. The funds invested most heavily in the Technology, Oil & Gas and Basic Materials sectors. (source)
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