(MENAFN- Qatar News Agency) ha April 21 - Qatar National Bank (QNB) Monday launched an open-ended mutual fund called 'QNB Commodity Fund'. Qatar Central Bank will regulate the first of its kind mutual fund QNB said today. The mutual fund with monthly subscription and redemptions is open to Qatari citizens non-Qataris and corporate investors. The Fund marked in Qatari Riyals has a minimum investment of QR 20000 QNB said. The new Fund offers growth potential to investors. It invests in diverse commodities like precious metals industrial metals agricultural products and oil and gas. The Fund presents long-term growth opportunities with satisfactory risk diversification the bank said. Explaining why the new Fund is appealing to invest the bank said "It is a well-diversified form of alternative investment. It responds differently to changing market conditions compared with mainstream equity and fixed income markets." This mutual fund-based investment offers potential for capital appreciation. Commodity markets benefit from favourable supply and demand associated with population expansion QBN added. QNB Group's Qatar National Bank set up in 1964 is the country's first Qatari-owned commercial bank. Qatar Investment Authority and private entities have an ownership stake of 50% each in it.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.