Go to Investment Europe homepage
  • Register for Investment Europe
  • Join Investment Europe’s LinkedIn group
  • Follow Investment Europe on Twitter
  • Investment Europe on your mobile
  • Investment Europe RSS feeds

Saudi asset manager launches Ucits-compliant funds

  • By: James Norris
  • 06 Dec 2012
  • Be the first to comment
jeddah

NCB Capital, the largest asset manager in Saudi Arabia, has decided to widen its investor base by launching a range of Dublin-domiciled Islamic mutual funds.

NCB Capital, which manages more than $12bn in assets, has launched two Ucits-compliant funds that invest in Saudi Arabian and Gulf Co-operation Council (GCC) equities, according to Reuters.

Further funds are due to be added to the range, including funds investing in sukuk, or Islamic bonds. Plans include launching up to ten funds in 18 months.

The new funds range is part of a strategy to attract emerging markets investors. NCB plans to market the funds globally through French asset manager Amundi.

“We are very keen on offering a gateway to the region. The hope is to have a broad investor base,” Faysal Badran, chief investment officer and head of asset management at NCB Capital, told Reuters.

Visitors Comment

blog comments powered by Disqus

Market

Regions

European map
Benelux France Iberia Italy Germany Switzerland Austria Emerging Europe Scandinavia UK Ireland

Print Edition

Events

david-sugarman-polar-capital

Polar's Sugarman to speak on convertible bonds at Zurich Forum

David Sugarman, fund manager for Polar Capital, will discuss convertible bonds at the InvestmentEurope Pension Fund Forum held in Zurich on 15 May.

ana-harris-state-street

SSgA's Harris to discuss smart beta at Zurich Pension Forum

Anna Paula Harris, portfolio strategist for the global equity beta solutions group at State Street Global Advisors (SSgA), will address smart beta strategies at the InvestmentEurope Pension Forum to be held in Zurich on 15 May.