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Gmul to invest NIS 400 million in non-financial assets

Investment firm will also be establishing new mutual funds

Investment company Gmul has decided to enter into non-financial investments in fields with added-value, in addition to financial investments in which it specializes, Ma'ariv reports.

Several days ago, the board approved the strategy for 2002, which includes allocating NIS 400 million for investments in non-financial assets.

In addition, the company will be establishing new mutual funds, and is planning to start managing portfolios for private customers.

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