Hong KongÆs SFC approves first retail Islamic fund
Hang Seng Bank will launch the Islamic China index fund.
Hong KongÆs Securities & Futures Commission (SFC) has authorized the territoryÆs first Islamic fund for sale to retail investors, the Hang Seng Islamic China Index Fund. Hang Seng Bank says the fund will invest mainly in the constituents of the Dow Jones Islamic Market (DJIM) China/Hong Kong Titans Index, which was licensed to the bank last month and is the latest addition to the DJIM index series. The fund will be managed by Hang Seng Investment Management, a unit of Hang Seng Ba…
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