Dubai: Rasmala Group said that its Trade Finance Fund has crossed the $250 million (Dh918 million) threshold in assets under management. The Fund has generated an annualised return of 4.45 per cent since its inception in September 2014.

Rasmala said that heightened demand from asset managers to access genuinely uncorrelated investment products has seen the Fund grow significantly in just the last year. The fund is proving to be popular among institutional investors and family offices seeking uncorrelated returns, Rasmala said in an emailed statement.

The fund has very strong geographical and sectoral diversification. The fund has to date invested in 876 transactions totalling $491 million across 31 countries, including the UAE, United States, Brazil, Saudi Arabia, Singapore, South Africa, UK and China. It has provided loans to businesses in 22 industries, including agriculture, chemicals, mining, energy and the automotive sector.