GLOBAL: Assets under management of the Global Sukuk Plus Fund have reached US$205.5 million in its third year since inception.
The fund launched in 2009 with a seed capital of US$30 million from Qatar Islamic Bank (QIB) in partnership with its European arm, the European Finance House (EFH).
It recorded a total return of 4.9% for 2011; comprising a dividend yield of 3.1% and capital gains of 1.8%.
The fund has returned 9.2%, 5.5% and 6% in its first, second and third years, respectively.