(MENAFN Press) It's no secret that investing in mutual funds is a great investment tool when thinking of investing part of your disposable income. But to most people the idea of accumulating wealth by investing is something only available to a select few.
But this has changed now that NCB Capital, Saudi Arabia's largest investment bank and a leading regional wealth manager, has launched its Thimar investment program which puts the world of mutual funds within the reach of everyone.
Announcing the new program, Tariq Linjawi, NCB Capital's Head of Wealth Management, said: "People in general look at investing as something for experts in a world beyond their reach, but we at NCB Capital are the experts who do all the work for you and make it easy for you to become an investor.
"We have designed our new Thimar program so that anyone who has a relatively small cash surplus from time to time can access the local, regional and international markets.
"A regular investment plan allows NCB Capital customers to choose when and how often they make contributions of small amounts to invest in mutual funds. Furthermore, consistent incremental installments can help investors reduce the impact of market fluctuations, which is especially beneficial in the volatile conditions currently affecting world markets."
The program aims to provide long-term value to investors and offers the ability to access the full range of NCB Capital's mutual funds - local, regional and international and across the spectrum of asset classes including money market and equity.
Investors are able to subscribe and redeem from the program whenever they like and are also able to switch invested amounts, and any gains, between funds and/or make lump sum investments all without incurring additional fees.
Tariq Linjawi concluded his launch introduction by saying: "NCB Capital endeavors to change the way wealth management is viewed; wealth management is more than just a service for a select few but a life changing tool that could help investors reach their life objectives.
"Therefore, we have made the on-call dedicated financial planners the highlight feature of the program. The financial planners will be available to assist Thimar clients in portfolio selection according to their investment objectives and risk appetite. The financial planners can be contacted through the company's call center."