Libank Will Launch Mutual Fund

Levant Investment Bank (Libank), a fully chartered investment and private bank regulated by the Central Bank of Lebanon, is going to launch a $25M mutual fund in April. The LIBANK Global Balanced Fund will focus on investors interested in capital preservation and high returns. 

The fund will be denominated in US dollars and has been approved by the Capital Markets Authority.

Half of the fund’s portfolio will be invested mostly in Lebanese fixed income securities while the other half will be allocated for international equities: 35% for US equities and 15% for Asian equities. The fund’s Asian allocation will exclude both Australasian and Japanese Equities. 

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