NBB's Mena equities a big success.
"Investors have been reading and hearing about the promising outlook that the Mena equities - a capital protected note and an open-ended fund - have over the medium term," said NBB acting general manager Hussain Al Hussaini.
"The fund selected by NBB, the EFG Hermes MEDA Fund, is an actively managed fund with a good track record.
"Investors in the fund earned 39 per cent per annum, compounded annually, in the last five years. Investors can choose to invest in the fund itself, whereby they get the full returns of the fund and bear the full risk.
"Or they can invest in the Mena note, which is a five-year capital protected note. Investors get a participation of 70pc in the performance of the fund without risking their capital, as the initial investment in the notes, having a five-year term, is fully-protected on maturity by Barclays Bank. Investors can redeem any time after July on a weekly basis."
"Similar notes that NBB launched earlier, linked to Indian, Chinese and Asian equity funds, have been performing well," he said.
"Since their issue, the Indian note has generated a return of 126pc in 34 months, the two Chinese notes 56pc in 22 months and 66pc in 20 months respectively.
"The two Asian notes 22pc in about 10 months and 13pc in 8 months respectively. This performance is as at the end of February, after the recent correction in these markets."
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