Jordan Securities Commission Approves Registration Of Capital Global Investment Fund

(MENAFN- Jordan Times) AMMAN - The Jordan Securities Commission's Board of Commissioners on Wednesday has approved the registration of the Capital Global Investment Fund (JCIF) established by the United Arab Jordan Company for Investment and Financial Brokerage.

The fund's establishment comes as part of the initiative to develop and revitalise the capital market, a "key" pillar of the second executive programme of the Economic Modernisation Vision (EMV) (2026-2029).

The launch of mutual investment funds is a strategic government objective aimed at deepening the market, expanding participation and diversifying investment instruments and products, the Jordan News Agency, Petra, reported.

As an open-ended mutual investment fund, it starts with an initial capital of JD2 million, with an investment ceiling reaching up to JD50 million.

The fund aims to provide unit holders in the Kingdom with opportunities to boost their indirect investments through professional management that allocates funds across a diverse range of financial instruments.

The fund focuses on investing in local and international equity markets, in addition to fixed-income instruments such as bonds at calculated ratios. It also allocates a portion of its assets to money market instruments to achieve a balance between returns and risks.

The launch of the fund is part of ongoing efforts to bolster confidence in the Jordanian capital market, provide diverse investment tools, and incentivise the participation of individuals and institutions in the market, in line with the goals of the EMV and sustainable growth.

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