BLF fund records 6.26 percent net return
One year after its inception, Banque Libano-Française’s (BLF) LF Total Return Bond Fund registered 6.26 percent net return, beating its announced target of Libor +4.5 percent per annum (4.75 percent). “Our prudent approach, our ability to pick undervalued credit, and our timely reactivity to changing market conditions, allowed us to generate such return.” said Jamil Koudim, Head of the Fixed Income Unit at BLF.
Launched in 2012, the fund offers investors the possibility to invest in international markets. Investors also have the advantage of a better risk/return profile than a regular term-deposit.
Date Posted: Oct 02, 2013