GCC Sovereign Fund Investments in Morocco

The capital of the Fund is represented by issued and redeemable shares with no par value. The shares are entitled to distributions, if any, and to payment of a proportionate share based on the Fund’s NAV per share upon redemption. The Fund has no restrictions or specific capital requirements on the subscriptions and redemptions of shares except as disclosed in Note 8(a), if any. The relevant movements in capital are shown on the Statement of Changes in Net Assets. In accordance with its investment objectives and strategies, and the risk management practices outlined in Note 6, the Fund endeavours to invest the subscriptions received in appropriate investments while maintaining sufficient liquidity to meet redemptions,...
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GCC Sovereign Fund Investments in Morocco