Equiti Group announced on Tuesday that it has received the green light from the regulator to begin offering a new investment product.

The company said its new brand Equiti Wealth has got in-principle approval from the Securities and Commodities Authority in the UAE to offer the product.

That will initially be a fund – called the Equiti Global Balanced Fund – which retail investors can access with a minimum ticket size of $1,000.

Although it has received approval, it is not entirely clear how the product will be sold and distributed.

Currently Equiti’s UAE-focused URL does not have a ‘wealth’ offering. The company also primarily offers its services via MetaTrader, which can often be a tricky platform to use for integrating non-leveraged products.

Whatever the case, the product appears to be part of a strategy on the part of Equiti, aimed at adding less volatile, risky products.

Funds like this typically operate on a management fee basis. This means that, if the company reaches a certain level of assets under management, the revenues are somewhat more predictable, compared to CFDs, which rely heavily on market volatility.

“By removing barriers to wealth creation, we strive to empower our clients with the tools necessary to achieve their financial aspirations,” said Gaurang Desai, Managing Director of Equiti Wealth.

“Our commitment is to deliver reliable, transparent, and user-friendly investment solutions suitable for all investors, from beginners to seasoned professionals.”