BBK sells property product in Gulf

The Bank of Bahrain and Kuwait has launched a four-year capital-protected, property-linked product in partnership with Morgan Stanley. The product offers 95% protection and participation in Morgan Stanley's Asia Real Estate Fund and its European Real Estate Fund.The US bank is also managing the product. The product, which is targeted at BBK’s Gulf-based clients, has a minimum investment of $10,000 and offers daily liquidity subject to an early redemption fee of 1%. "The global real estate market