BLOM Cedars Balanced Fund – For Lebanese, by Lebanese

Recently, BLOM Invest has launched an investment fund, the BLOM Cedars Balanced Fund. The fund is an open-ended mutual fund with weekly subscriptions and redemptions. It is a balanced fund in that it combines two asset classes: Fixed income from bonds, which comprise 75% of the fund, and a maximum of 25% invested in stocks. The fund will invest only in Lebanese securities, both stocks and bonds. Executive talked to Michel Chikhani, head of Asset Management, and Bechara Bardawil, portfolio manager at BLOM invest to discuss this new entry into the family of Lebanese funds.   What is so unique about this fund? Bardawil: It is unique in that it is the only all-Lebanese fund that actually has a component that invests in Lebanese equities. The previous funds in Lebanon all invested in fixed-income securities only. The idea behind the fund is to enable our retail customers to participate in