The PS30million will go towards the PS43million Scottish Private Rental Sector Fund
, set up by Sigma to increase rental property numbers.
A sector fund
is a mutual fund scheme that invests most of its corpus in equities of one particular sector.
'If someone would be found guilty in misusing the Public Development Sector Fund
(PDSF) then according to law he must leave his office or post till getting the clearance from the Supreme Court,'Durrani added.
We expect to launch the procurement for the private sector fund
manager in Summer 2018, who will be tasked with raising the PS200m of private investment."
"The actual deficit in the public sector fund
has increased from an annual of BD24 million in 2012 to BD129m by December 31 last year," said the report.
Some stand-out sector fund
groups were real estate, up 13%; short, leveraged and other commodity strategies, up 10.75%; and health care, up 10%.
5, as did six of the seven major fixed income fund groups and five of the nine major sector fund
surge but also the kickoff of a new incentive, Sector Fund
(Fundo Setorial), which is pumping coin into the production and distribution of local pics.
Global Banking News-September 21, 2015--Manulife Investments declares distribution for Oil Sands Sector Fund
M2 EQUITYBITES-June 23, 2015-Manulife Investments declares USD0.125 per unit distribution on Oil Sands Sector Fund
BANKING AND CREDIT NEWS-June 23, 2015-Manulife Investments declares USD0.125 per unit distribution on Oil Sands Sector Fund