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HSBC Saudi introduces new commodity fund

Wed, 2011-09-21 19:17 — newsdesk

HSBC's Saudi Arabia wholesale and investment banking unit has made known a new open-ended Shariah compliant fund - HSBC Amanah Commodity Index Fund. The fund is purposed at producing capital growth over the long term by investing in commodities in a Shariah compliant manner, whereby the Fund will track the performance of a commodity index.

Source: 

http://www.ameinfo.com/275232.html