UAE: Takaful Emarat has launched the Takaful Emarat Capital Protected Fund, an open-ended global equity-focused fund with a seed capital of SAR20 million (US$5.3 million).
The fund, which is managed by Riyad Capital and guaranteed by Morgan Stanley, offers a 90% capital guarantee and a return of between 3-5% per annum. It is open to UAE national and expatriate retail investors.