Qatar bank launches bond fund-linked product

Qatar-based Commercialbank has launched the second in its series of Al Maha Notes. The dollar-denominated product has a link to an emerging markets sovereign bond fund, and is fully capital protected. The bank is selling the product as a portfolio diversifier with no correlation to the stock markets. It is structured by Goldman Sachs International, and carries a minimum investment of US$10,000. Al Maha I, launched in May this year, had a hedge fund of funds link, and was billed as a retail oppor