NBK Launches KD Denominated Fund; Will Manage CFC Bond Issue
The National Bank ofKuwait (NBK) has launched its first mutual fund denominated in Kuwaiti Dinars aiming to generate returns higher than fixed depositrates. According to NBK the fund is low-risk and suitable for investors with ashort-term investment horizon. It is open-ended and has an initial share priceof KD1 ($3.28). The minimum investment is KD25,000($81,967) with additional amounts in multiples of...