Credit Suisse starts new regional equities fund

Investment bank Credit Suisse Tuesday launched a new regional equities fund targeted at both retail and institutional investors.

The launch of the Credit Suisse SICAV One (Lux) Equity Middle East and North Africa Fund coincides with a period of volatility in the region's stock markets and the global meltdown.

However, the Middle East region, and particularly the Gulf countries, are well placed to emerge with a positive growth outlook, benefiting from their natural resources, demographic trends and government and foreign investment in the economy.