Tuesday 22, September 2009 by
TNI to launch $1 billion capacity MENA equities fund
The National Investor (TNI) is planning to launch a MENA equities fund, domiciled in Dublin, Ireland. The TNI MENA Blue Chip Fund, an open-ended vehicle, will be seeded with $50 million out of Abu Dhabi with an initial closing target of $100 million. Benchmarked against the MSCI Arabian Markets Index, the fund will aim to achieve long term capital appreciation by investing in listed securities in the MENA financial markets.
