Emirates NBD launches a new high income fund

Abu Dhabi: Emirates NBD, the largest bank in the Gulf by assets, launched Emirates MENA High Income Fund on Tuesday.

The new fund will invest in a range of high-yielding securities in the MENA region.

The new fund, managed by Emirates Investment Services Limited, will buy equities and fixed income securities issued by companies based ion Middle East and North Africa or those that derive a significant portion of their earning from the region.