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Special focus: Sub-prime and leveraged loans

Special focus: Sub-prime and leveraged loans

Follow the buildup to today's subprime and leveraged loan problems.

Selling short

Selling short

Euromoney's coverage of past short selling regulations and questionable events is worth a look today

Tuesday, May 13, 2008

Assets of investment funds stay flat m/m at end-April.





Assets of investment funds stay flat m/m at end-April. The aggregate assets managed by investment funds amounted to HUF 3.1tn at end-April, the Hungarian Association of Fund and Asset Managers (BAMOSZ) disclosed. New investments plus accumulated yields were equal to withdrawals of funds during the month. Net withdrawals affected all kinds of investment funds with the exception of guaranteed funds, whose assets climbed by 3.4% m/m in April. As an encouraging sign, yields of all funds were positive during the month, but net withdrawals were thus likely stimulated by the uncertainty on the financial markets in previous months. Nominal yields were highest in money market funds – HUF 5.2bn for the month, but they also had the largest amount of assets managed. Investors withdrew the largest amount of resources from bond funds – HUF 19bn.







You can call these funds what you like, but they are not Shariah-compliant.

A hedge fund manager questions the legitimacy of hedge funds in Islamic finance. Still, he plans to launch – wait for it – a Shariah-compliant fund of hedge funds in the US

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