Tuesday 10, June 2008 by
Al Mal UAE Equity fund returns +1.6 per cent for May
Fund manager, Adel Al Hosani said: “In the near term we are maintaining a cash reserve and intend to add to desired companies on a pullback. Prudent use of our cash position during the month in addition to overweighting to property stocks contributed to the month's outperformance of 1.7 per cent versus the MSCI-UAE Index.
