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Capivest energy fund a success

MANAMA: Capivest, one of the region’s Islamic investment institutions, has successfully closed its $50 million Alternative Energy Fund targeting a prospective wave of commodities.

Alternative Energy is a 100 per cent capital protected fund provided in cooperation with leading international investment bank Goldman Sachs.

In addition to being capital-protected, Alternative Energy is a five-year fund giving investors the opportunity to benefit from the high performance of the underlying commodities, with a potential gain of 14pc annually, and without any risk to their initial capital.

The key underlying assets for the fund were natural gas, soybeans, crude oil and copper.

Market research predicts considerable global demand for each of these commodities in the near and medium term.

Crude oil, in particular, is widely regarded as a commodity whose demand is always increasing, and natural gas and soybeans are increasingly used as alternative fuels to substitute for shortfalls in supply of crude.

continue reading at            http://www.gulf-daily-news.com/Story.asp?Article=229574&Sn=BUSI&IssueID=31186

 

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