[photopress:oman.jpg,full,alignright]According to the Times of Oman a $400m fund that will invest in China’s booming property market has been announced by Oman-based Amwal Investment and NCL Fund Mangement.
The five-year Wanyuan-New China Land Fund will be a Cayman Islands unit trust managed by NCL, a Cayman Islands corporation.
The fund has a minimum subscription of $5m for institutions, $1m for individuals. All of which is easy to follow.
The report goes on ‘and expects returns of at least 15 per cent.’
Bluntly, if that were put in any normal prospectus all sorts of red lights would go off. That is a very high rate of return on such an investment. However, investigations suggest that it is not off the mark. The fund is limited to five years, it is focussed on a single area of investment, it plainly has considerable expertise and very strong financial backing. The illustration is of the palace in Oman.
Source: AME Info
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