Al Itihad Fund

Al Itihad Fund

Our UNB Al Itihad Fund is an open-ended investment fund that gives you the opportunity to enjoy long term capital appreciation. It was established by UNB in 2006 and is licensed by the UAE Central Bank. A diversified portfolio of 20 to 30 stocks of high profile companies in the region.

Target markets

Al Itihad focuses on investing in UAE Large cap companies and to a lesser extent in other GCC Equities.

Currency

UAE Dirhams

Liquidity

Weekly

Minimum Investment

Minimum first investment of AED 10,000, with multiples of AED 1,000 thereafter.

Launch Date

29th June, 2006.

Fees

  • Subscription fee:  2%
  • Management fee: 2% per annum.
  • Administration fee upon redemption: 2%.
  • Performance fee: 10% of the excess over a hurdle rate of EIBOR+4% per annum.

Target Investors

This fund is open to all nationalities.

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Read full Terms & Conditions.

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