Mubasher Financial Services has onboarded over 600 funds to its Global Trading Network platform, Citywire Middle East has learned.
The funds are picked to meet diverse requirements, and are aimed at catering to different risk profiles over a wide set of asset classes. The products will target the US, Europe, Asia, MENA, GCC, conventional and sharia compliant offerings.
‘The platform is targeted at buy-side customers and the retail customers of sell-side brokers on a B2B2C franchise offering of the GTN,’ a spokesperson for the company told Citywire Middle East.
Additionally, Mubasher’s GTN platform allows clients to access over 60 exchanges and multiple asset classes globally. This provides additional options to investors, said CEO Manjula Jayasinghe.
‘Most customers in the Middle East traditionally trade the local and regional markets. However, they appreciate the opportunities available in the global markets and other asset classes,’ Jayasinghe added.
Currently, in the region, only large investors and private banking clients are able to access the funds managed by top global asset managers. Mubasher’s platform aims to level the playing field.
Jayasinghe said GTN aims to empower the regional institutions and their end customers ‘with the access, coverage and tools required to make the best investment decisions.’
To that end, the Dubai-based company had undertaken major restructures back in 2015 to launch the GTN platform. Going forward, it plans to continue adding more funds based on customer needs and market conditions.
‘We believe that funds managed by the top fund managers around the world will become a key part of the portfolios of our customers,’ Jayasingh concluded.