• HSBC

Capital Market Authority approves four new mutual funds for Jadwa Investment

  • Saudi Arabia: Wednesday, March 12 - 2008 at 11:02
  • PRESS RELEASE

Jadwa Investment has recently received approval from Capital Market Authority to launch three Funds of Funds and a Global Real Estate Securities Fund. All of the four funds comply with the Shariah guidelines and are approved by the Shariah Committee of Jadwa.

The Fund of Funds (FOF) provide efficient diversification in terms of asset classes, geographic locations and manager styles. The investments of FOFs can be spread into a range of funds investing in equities, real estate, private equity, Sukuk and Murabaha.

Jadwa asset allocation strategies are based on three risk-adjusted funds: Jadwa Conservative Allocation Fund, Jadwa Balanced Allocation Fund and Jadwa Aggressive Allocation Fund. As can be construed from the name of the Fund, the allocation strategies provide opportunities to all investor segments with varying degrees of risk appetite.

Jadwa Global Real Estate Securities Fund provides opportunity for long-term investors looking for exposure to the global real estate industry. The fund invests globally in the real estate securities, including real Estate Investment Trusts (REITs).

Mr. Ahmed Al Khateeb, Managing Director & CEO of Jadwa Investment said, "We strive to provide all segments of investors with a complete wealth management solution. The asset allocation strategies of Jadwa FOFs are designed for clients who are aware of their risk tolerance levels but do not have the time, resources or expertise to make and monitor their investment decisions themselves."

He added, "Jadwa Global Real Estate Securities Fund is envisaged to provide investors exposure to global real estate sector and REITs as an asset class. It provides greater diversification and promising prospects of achieving higher returns in the long term since it is a global real estate fund"

Mr. Fadi Tabbara, Head of Asset Management and CIO, said

"Asset allocation is the key to any investment especially for investors who do not want to be exposed to a concentration risk. Fund of Funds asset allocation strategies aim to maximize the blended returns, reduce volatility and manage the investment risk with rigorous objectivity."


He added, "On the other hand, we believe the recent correction in the global markets will attract more investors to REITs which are by nature a defensive investment instrument and provide a consistent yield and participation in the ongoing recovery and long-term growth of the economy and property market."
 
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