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Wednesday, 15 June 2011

S&P Fund Services assigns rating to Royal Capital Mena Fixed Income Plus Fund - bi-me.com

Standard & Poor’s Fund Services announced today that it has assigned an A/V5 fund rating to the Royal Capital Mena Fixed Income Plus Fund, the first fixed income fund in the region to be rated by Standard & Poor’s Fund Services.

The fund is formally benchmarked against the HSBC/Nasdaq Middle East Aggregate Bond index but portfolio construction can differ substantially from index.

The team aims to outperform the index but also a selected group of other Middle East funds, some of which are sukuk funds.