Already a Bloomberg.com user?
Sign in with the same account.
Invest AD, an Abu Dhabi-based asset manager, said it started a Middle East and Africa bond fund today with an initial capital of $25 million to tap high growth economies where companies can’t easily get bank loans.
The bond fund, the first of its kind at Invest AD, will primarily invest in U.S. dollar-denominated debt across the region, the fund’s manager, Dilawer Farazi, said in an interview in Abu Dhabi yesterday. Forty percent of the fund will be earmarked for sovereign and quasi-sovereign bonds while 60 percent will be invested in corporate bonds, Farazi said.
To contact the reporter on this story: Mahmoud Kassem in Abu Dhabi at email@example.com
To contact the editor responsible for this story: Dale Crofts at firstname.lastname@example.org