Jadwa Investment, a leading investment management and advisory firm in the Middle East, has announced the full activation of its multi-manager funds platform. 

 

The new shariah-compliant offering comes as part of the group’s ongoing commitment to expanding its clients’ access to new asset classes. 

 

The first three funds - covering developed market equities, emerging market equities and international sukuk - have already reported strong performance results since their launch last year with a total size crossing SR1 billion ($266.3 million), while additional funds are planned across other asset classes later this year.

 

With the introduction of its multi-manager platform, Jadwa now provides clients immediate and efficient access to leading fund managers across global markets and asset classes. 

 

The first three funds, each in partnership with different global managers, offer Jadwa’s clients new global equity and fixed-income strategies through a competitive and cost-efficient fee structure. In particular, the developed market equities fund and international sukuk fund have the lowest total expense ratio among all Islamic funds globally.

 

Since their launch last year, the three funds have delivered strong performances as of June 2021 in line with their investment strategies. The developed market equities fund, a passive equity strategy, reported a 39.80% net return since its inception. 

 

The emerging markets equity fund, an active equity strategy, has outperformed market benchmarks with a 26.58% net return since inception. Finally, the international sukuk fund has reported a net return of 3.25% in the span of 10 months.

 

Managing Director and CEO Tariq Al Sudairy said: "We have maintained our strategic discipline despite global uncertainties. The launch of our multi-manager platform is part of our long-term strategy to give our clients access to an expanding universe of world-class, shariah-compliant investments."

 

"Jadwa is planning to launch three more multi-manager funds later this year, offering multiple strategies across leasing, private equity, and real estate," he added.-TradeArabia News Service