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Manama – TAKAUD, the specialist provider of savings, investment and pension solutions for the MENA region, announced today that the company’s nine investment strategies saw up to double-digit growth in 2016. That was fantastic news for people saving with TAKAUD for retirement, their children’s education and other important goals, in Bahrain and elsewhere throughout the Middle East.
Among TAKAUD’s nine Investment Strategies the three Global Strategies produced the highest returns for investors this year, with the following net cumulative annual returns:
· Global Growth Strategy: 11.58%
· Global Balanced Strategy: 10.50%
· Global Cautious Strategy: 7.89%
These returns are comparable to the 11.90% and the 9.39% that Morningstar, an independent research provider, reports were posted by the S&P 500 and the MSCI World Index, two leading international indexes of the world’s largest and strongest companies. TAKAUD’s Regional and Sharia-Compliant investment strategies saw returns of up to 5.71%.
“We are very pleased with our 2016 results and are confident that the way we actively monitor and manage these investment strategies will continue to produce good returns for our customers next year and beyond,” said Luc Métivier, TAKAUD’s CEO.
“Our customers are saving for important reasons—to have a secure retirement, to ensure their children receive a high-quality education, and to provide economic stability for their families—and we always strive to give them the best possible investment solutions. When people are saving for the long-term well-being of their families it is essential to have investments that beat inflation over time. That’s the key feature differentiating TAKAUD from other savings accounts. Not only do TAKAUD’s Investment Strategies protect investments against inflation, they also deliver superior growth potential compared to other traditional investment options.”
“Our approach is paying off,” said Johannes van der Dong, TAKAUD’s Chief Investment Officer. “Our strong commitment to diversification coupled with constant monitoring and fine tuning where necessary has made the most of market conditions.”
TAKAUD offers, directly or through financial partners, savings plans for individuals and employee savings plans for corporations and SMEs. It operates an open-architecture investment platform with wide options, catering both to the needs of individuals requiring wealth management services and to institutions seeking placement solutions.
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About Takaud Savings and Pensions B.S.C (c)
TAKAUD Savings and Pensions B.S.C. (c) is licensed as an Investment Business Firm (Category 1) by the Central Bank of Bahrain (CBB) and is a closed joint stock company incorporated in the Kingdom of Bahrain. Authorised capital: USD 50 million. Paid-up capital: 35 million.
TAKAUD provides long term savings, investment and pension solutions to individuals and corporations in the local and expatriate communities across the MENA region.
TAKAUD is 50% owned by Kuwait Projects Company (Holding) K.S.C. (c) (KIPCO) and 50% by United Gulf Bank, a member of the KIPCO Group.
The KIPCO Group is one of the biggest holding companies in the Middle East and North Africa, with consolidated assets of US$ 33 billion as at 30 June, 2016. The Group has significant ownership interests in over 60 companies operating across 26 countries. The group’s main business sectors are financial services, media, real estate and manufacturing. Through its core companies, subsidiaries and affiliates, KIPCO also has interests in the education and medical sectors.
TAKAUD Savings and Pensions B.S.C. (c),
UGB Tower 7th Floor | Diplomatic Area |P.O Box 65167| Manama| Kingdom of Bahrain
Office: (+973) 17511611
Email: info@takaud.com
www.takaud.com
© Press Release 2017
