AlQabas has an interesting article on YTD performance through 25 June performance of funds domiciled in Bahrain. Global has I believe some 12 or so funds listed on the BSE.
For the record, the results were:
- European Stock Index Fund down 9.8%
- US Stock Index Fund down 7.52%
- Energy and Petrochemical Industries down 6.32%
Other firms similar negative performance is mentioned.
- SICO's Gulf Stocks Fund is down 6.53%
- TAIB's Bank's MSCI-based GCC Stocks Fund (Islamic) down 5.77%.
Interesting article because of the focus on Global - and the performance of just three of its funds. In an environment where other fund managers are incurring losses as well.
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