Dubai Growth Fund (Enmaa)
Enmaa' or Dubai Growth Fund (DGF) is established in the British Virgin Islands as a 3 Class $300 million fund. Class A was established as a $100 million U.S. Dollar Open-Ended Public Mutual Fund. Launching in 2007, DGF invested in public and private equity opportunities primarily in the Middle East and selected international markets that adhered to the Dow Jones Islamic Indexes criterion. The Fund targeted pre-IPO and soon-to-be-listed companies, in addition to under-valued publicly-listed equities.
As of February 2011, the Fund announced its redemption and posted returns in excess of 27%. The Dow Jones World Market Index served as DGF's benchmark and remained flat over the life of the fund. 3iC Group's risk mitigation strategy ensured that the net asset value of DGF never turned negative and yielded positive returns during the global financial crisis of 2008. Since then, the fund currently invests private funds on a global basis but is no longer Shariah-Compliant.
Disclaimer:
This site is intended to provide information about Dubai Growth Fund. Important information about the Fund is contained in the Offering Memorandum which should be read carefully before investing. The Offering Memorandum for the Fund does not constitute an offer or solicitation to anyone in any jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation.