VOL. XLI

No. 22

1-June-1998

UAE

EBG Launches Another Vehicle For Foreign Investment In UAE Stocks

One year to the day after it launched the Emirates Equity Fund (EEF), the Emirates BankGroup (EBG) will open subscription on 1 June into the Emirates Banking Stocks Fund (EBSF),the UAE's first sector-specific mutual fund. Subscription into the open-ended fund, whichwill invest in a basket of UAE, regional and international banks and financialinstitutions, will be open for three weeks. Mirroring the...