Pakistan's KASB Funds is preparing to launch the KASB Capital Protected Gold Fund.
The two-year product will be the country's first retail fund linked to gold. It assures full capital protection provided via institutional paper rated AA- or above. Gold exposure will be attained via the National Commodity Exchange.
"This is yet another milestone for Pakistan's mutual fund industry and we are thrilled to be a pioneer in offering this investment opportunity to investors and, particularly, to the retail investors," said KASB's CEO Naz Khan.
The product is to be sold via Standard Chartered's banking network.