UAE financial company offers gold investment fund product

Gold Investing Strategies

UAE financial company offers gold investment fund product

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A good investor knows how to make money during uncertain times. In fact, it is said that investors who are truly savvy are those who come out when the streets are bloodied. With this said, a good financial institution is also one that makes money even in tough times through the introduction of innovative products that fits well with the current mood of the market.

Mashreq, one of the leading financial institutions in the United Arab Emirates (UAE), recently announced its Gold Investment product that lets potential investors tap into the gold bullion market. During uncertain times like this, gold (particularly gold bullion) has been the safe haven of many investors, sending the price of gold skyrocketing and leaving us with questions whether this is a gold bubble forming.

Mashreq's gold investment product is a unique one because it maintains a fund that will invest in gold bullion while at same time providing investors with a life insurance product. The investment product allows customers to invest either in lump sum form of AED 26,000 (US$ 7080) or through monthly investments that start from AED 1,200 (US$ 327). If an investor makes a lump sum investment, he/she is entitled to 10 times its value in the form of life insurance, while monthly installment-bundled life insurance product can take up to about 100 times the value of the total investment. The life insurance is capped at AED 1 million (US$ 272,295).

Bank officials of Mashreq are confident that investors will take interest in this innovative product as they seek to diversify their portfolio with investments in the precious metals asset class. Unlike other financial products, this gold investment product from Mashreq has no lock-in period, which means investors may invest for as long as they like and redeem it anytime they wish to do so.

Then again, before making any investment decisions, it's best to look at our own risk profile and long-term investment goals in order to assess whether new products introduced such as this one are worth the money.

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Tags: • goals • metals • portfolio • bullion • investment • uae • precious metals • gold bubble • safe haven • gold bullion • how to • investment fund • gold investment • long term investment • invest in gold • price of gold • united arab emirates •

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