| - Net Asset Value : LBP
102,930.12
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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 January 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 Lira Fund is a close-ended Lebanese Common Placement Fund, with all its shares listed on the Beirut Stock Exchange (LBP 27.5 billion , 275,000 shares at LBP 100,000, each at launch date). It benefits from a conservative allocation among Treasury Bills issued by the Central Bank of Lebanon and among various fixed income securities issued by the top 10 Lebanese Banks, with all maturities not to exceed the duration of the Fund. Additional performance is generated from arbitrage operations, through the minimum leverage allowed. The Fund intends to distribute semi-annual dividends, since its objective is to provide a regular income.
The Fund is denominated in U.S. Dollar. |
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Who should invest in Beirut Lira Fund?
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Investors who are seeking high return and low risk. 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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| BLIF Realized Performance : the Fund's real performance since January 2008 is 5.33%. |
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| Latest Monthly Reports |
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