Global lists six funds on Bahrain Stock Exchange,

Kuwait-based Global Investment House is launching six mutual funds on the Bahrain Stock Exchange today. The $84 million Global Energy, Petrochemical and Downstream Industries Fund was set up in May 2008, while the $51 million Global Jordan Fund, which came into being in October 2006 will invest in the Amman Stock Exchange as well as in IPO and pre-IPO issues in Jordan. Global said the Jordan fund may invest in fixed income and money market instruments to preserve capital during periods of weak equity market environment.

The $19.2 million Palestine Dedicated Fund, which has been around since April 2006 will invest in listed securities, IPO¹s and pre-IPO's issued in Palestine. The fund, according to Global, will offer institutional/individual investors the opportunity to enter the Palestinian market and invest in a diverse selection of sectors selected by the fund manager.

The $10 million Egypt fund will do much the same as the Palestine and Jordan funds, while the $7 million Global Islamic Fund of Funds and the $36 million Global GCC Islamic Fund aims to achieve long term capital appreciation with optimum returns, and controlled levels of risk, by diversifying the fund¹s assets in terms of strategy, geography, and sector; while investing in accordance with Shari¹ah principles, according to a statement issued by Global Investment House.