Wednesday, October 30, 2019

$1.3 billion in subscriptions to investment funds in 2018.

Subscriptions to local and foreign investment funds dropped by $371 million, or 22 percent, to $1.32 billion in 2018 compared with the previous year, according to the Annual Report of the Capital Markets Authority (CMA).

The number of subscribers fell by 12 percent, to around 8,100 subscribers.

The number of the funds, also known as collective investment schemes (CISs), increased 24 percent, to 651 CISs.

Subscriptions to local funds plunged by $259 million, or 33 percent, ...

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