Sedco launches two global equity funds with top EU asset manager

Publish October 13, 2021
real estate

Sedco Capital, a global shariah-compliant and ethically-led asset management and investment advisory firm, today announced the launch of two new global passive equity funds - SC Global Listed Infrastructure Equity Fund and SC Global Low Volatility Equity Fund - in partnership with a highly-ranked European asset manager Amundi.

The SC Global Listed Infrastructure Equity Fund, with a size of $69 million, pursues a passive investment strategy that will broadly replicate the performance of the FTSE Custom Global Core Infrastructure 50/50 Islamic Net Return Index.

The fund aims to enhance client investment exposure to infrastructure-focused equities that are less-correlated to the broader market offering stable cash flow and positive fundamentals driven by supportive government policy.

The SC Global Low Volatility Equity Fund, with a size of $91 million, also pursues a passive investment strategy that aims to broadly replicate the performance of Dow Jones Islamic Market World Low Volatility 300 Net Total Return Index.

This index is designed to measure the performance of the 300 least volatile stocks in the Dow Jones Islamic Market World Index that have been screened for adherence to Shariah investment guidelines.

According to Sedco Capital, both the funds adhere to its Prudent Ethical Investment (PEI) approach, an integration of shariah-compliant and responsible investment principles.

With $2.1 trillion assets under management, Amundi is the leading European asset manager ranking among the top 10 worldwide covering retail, institutional and corporate clients.

With an open approach to strategies, styles and asset classes, Amundi offers a wide range of investment expertise from traditional investments, both active and passive, to more alternative styles, such as Smart Beta and real assets.

On the new launches, CEO Samer Abu Aker said: 'At Sedco Capital, we remain committed to offering clients a diversified suite of investment solutions across different investment strategies, asset classes, and geographies.'

'With these two funds, we provide investors with access to compelling equity strategies that aim to contribute to robust long-term and sustainable risk-adjusted returns. We are proud to partner with Amundi and its team of world-class investment management professionals,' he added.

The Saudi firm had last month signed a deal for the development of a 1.9 million sq m land plot in Al Qadisiyah, north of Riyadh.

The move was part of its real estate strategy to focus on Riyadh as a key business, commercial and residential hub and is in line with KSA Vision 2030 to advance the development of the capital and double its population by 2030 to become one of the 10 largest economic cities in the world.

Amundi Middle East CEO Nesreen Srouji said: 'We are very proud to partner with Sedco Capital to support their commitment to offer investors bespoke solutions across the entire investment spectrum.'

'By leveraging on Amundi’s large investment capabilities and local longstanding presence in the Middle East, we are able to provide investors with flexible innovative solutions while offering a high-quality service and client proximity,' he added.


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