| - Net Asset Value : LBP
108,256.12
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| - Date : August 13th 2008 |
| - Next Dealing Day : - |
| - Subscriptions : - |
| - Value Date of Funds to be Transferred : - |
Subscription/Redemption
The Fund is a close-ended vehicle; subscriptions took place only during the initial build-up period, and redemption will be only upon termination of the fund, on July 2009.
However, the Fund‘s listing on the Beirut Stock Exchange provides a daily liquidity where Bank of Beirut s.a.l. and other banks are acting as market makers. |
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The Fund
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Beirut Golden Income is a close-ended Lebanese Common Placement Fund, with all its units listed on the Beirut Stock Exchange (LBP 41 billion, 410,000 units, at LBP 100,000, each, at launch date). It benefits from a conservative allocation from Treasury Bills issued by the Central Bank of Lebanon (CBL), Certificates of Deposit and any other financial instruments issued by CBL, in Lebanese Pounds, Time deposits in Lebanese Pounds with the CBL and other Fixed Income Instruments in Lebanese Pounds issued by the Lebanese Republic &/or the CBL.
Additional performance is generated from arbitrage operations, through the minimum leverage allowed. The Fund intends to distribute annual dividends. The fund guarentees a return of 10.20% annually (51% over a 5 year period).
The Fund is denominated in Lebanese Pounds. |
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Who should invest in Beirut Golden Income?
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Investors who are seeking high and guaranteed return of 10.20% on LBP annually. The daily exit through the Beirut Stock Exchange will secure settlement of funds in investors’ accounts within 3 days. |
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Realized Performance - 2008
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| BGOLD Realized Performance : the Fund's real performance since January 2008 is 5.3%. |
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| Latest Monthly Reports |
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