The managing director and CEO of NDIC, Umaru Ibrahim, has stated that the size of the DIF was based on the Target Fund
In the mergers, the shares of each Target Fund
were converted into newly issued shares of the corresponding Acquiring Fund.
Key points are: when and where do you hope to retire, what is your target fund
, what other investments or assets do you have, how much can you afford to contribute, how you feel about risk and what other pensions do you have.
Our fund seeks to provide long-term capital growth by investing in Target Fund
which invests in syariah-compliant and global commodity-related securities, he said.
The target fund
size is set at USD 150mln, whilst the term of the fund will be seven years with up to three additional one-year extensions to allow for orderly liquidation of the Fund's assets.
With this successful first closing we are confident of reaching the target fund
size of the $350 million in the next few months" said deputy CEO at Rasmala and member of the Fund's investment committee Tamer Bazzari.
With a target Fund
size of $1 billion, BREOF continues to evaluate additional opportunities to acquire and reposition real estate in markets in which Brookfield Asset Management has access to superior market knowledge, or secondary markets with the appropriate risk profile.
69%; and our last selection, Nations Balanced Target Fund
(NYSE: NBM; 800-321-7854) is a hybrid fund that contains both bonds and stocks of large-cap companies.
And, Charles Schwab Bank has increased flexibility to replace underlying strategies, a focal point for retirement plan fiduciaries when evaluating target fund
The proposed target fund
size is Rs 500 crore with an additional option of raising Rs 500 crore and focusing an average deal tenure of three years.
The dividend for each of the Target Funds
will be distributed to shareholders in cash, notwithstanding any shareholder's enrollment in the Target Fund
's dividend reinvestment plan.
Feeder funds are basically UITF that can invest to 90 percent of the portfolio in a one target fund
," Javier said.