KUWAIT: Global Investment House (Global) has liquidated two funds, including its Global Islamic Fund, according to Mohammad Al-Mousa, an investment analyst at the firm.
The fund, which was a Shariah compliant money market product, was closed at the end of February this year, with KWD463,000 (US$1.65 million) in assets under management.
“They want to focus on other Islamic funds and not the money market,” said Mohammad.
It also liquidated its conventional Global Local Fund.