Bahrain's mutual funds assets surge in 2007
Thursday, 3 April 2008, 8:16:57 pm
Assets under management by Bahrain's mutual funds industry surged by nearly 73% to over $15bn during 2007, the Central Bank of Bahrain said in a statement. The number of funds registered with the CBB rose to 2,483 at the end of December 2007. The net asset value of the registered funds totalled $15.6bn. In comparison, the number of registered funds at 2006-end was 2,199, with assets under management totalling $9 billion.
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