The Luxembourg-domiciled Gulfmena Access Fund will aim to outperform the S&P Pan Arab Composite Index benchmark.
The fund has a charging structure that has been described as “ETF-like” by Gulfmena, though specific detail was not available at the time of publication.
The fund’s manager, Haissam Arabi, who is also Gulfmena chief executive, said: “Investors, especially foreign investors, still look at the region as an out of index bet and are specifically interested in the volatility it offers.
“They are interested in taking advantage of a directional call on high oil prices, a peak in the commodities cycle or purely event or thematically driven situations due to, for example, excessive government spending.
“The fund is actively managed and is designed to fully capture the upside potential of these markets and their directional sector specific moves. Its unique and very competitive pricing structure makes it not only highly affordable but capable of better optimising returns in favor of investors.”
The fund is Dubai International Financial Centre-based Gulfmena’s second investment offering, following the launch of an absolute return product last year.