Jun 15 2009 |
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Al Amal Fund returns cross 22% as of June 8
MUSCAT -- Al Amal Fund, managed by Fincorp , has achieved a year to date return of 22.46 per cent as of June 8, 2009. This return, which is way ahead of the performance of the MSM Index of 5.62 per cent is particularly commendable as the fund adopts a policy of minimum risks.Moreover, this achievement comes at a time when investors are experiencing a decline in investments due to the global financial conditions. Munir Makki, managing director of Fincorp stated, "The results we have achieved prove that with professional management, investments can be profitable despite global financial downturns. We at Fincorp have a team of well qualified and experienced professionals who can manage investment portfolios under different conditions and circumstances and ensure consistent and profitable returns for our investors".
Al Amal Fund was launched in April 2005 as an open-ended mutual fund and is ideal as a medium to long term investment platform. It is open for both Omani and foreign investors.
The fund manages a portfolio of over RO5 million and invests in the local financial market as well as financial markets in the region. In addition to Al Amal Fund, Fincorp also manages Majan Fund.
Fincorp , one of the largest investment banking companies in the Sultanate, provides brokerage, asset management and corporate finance and advisory services through a team of financial specialists who have local and regional experience.
Fincorp provides its clients with a comprehensive analysis of the economy and financial and market analysis reports based on which its clients can take sound investment decisions. Fincorp has advised and lead managed a number of prestigious rights issues and IPOs in Oman including Omantel , Al Maha Petroleum , Oman Flour Mills and Galfar Engineering .
Fincorp has received many awards in recognition of its outstanding performance.
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