SEDCO Capital launches two new global equity funds in partnership with Amundi

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

  
Samer Abu Aker, CEO of SEDCO Capital.

Samer Abu Aker, CEO of SEDCO Capital.

Jeddah, Saudi Arabia: 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 in partnership with Amundi.

The SC Global Listed Infrastructure Equity Fund, with a size of US$ 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 US$ 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.

Both funds adhere to SEDCO Capital’s Prudent Ethical Investment (PEI) approach, an integration of Shariah-compliant and Responsible Investment principles.

With USD 2.1 trillion assets under management, Amundi is the leading European asset manager ranking among the top 10 worldwide[1] 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.

Samer Abu Aker, CEO of SEDCO Capital, 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 the launch of 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.”

Nesreen Srouji, CEO of Amundi Middle East, 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”.

About SEDCO Capital

SEDCO Capital is a global, Shariah-compliant, and ethically led asset management and investment advisory firm. Our investment philosophy is underpinned by three Ps: principles, partnership, and performance. We provide clients with investment solutions through a dynamic asset allocation process across diversified asset classes that deliver strong risk-adjusted returns. By adopting a global view to investing while looking through the lens of our proprietary Prudent Ethical Investment (PEI) approach, an integration of Shariah-compliant and Responsible Investment principles, we provide our clients with unparalleled global access to investments across developed and emerging markets, including Saudi Arabia, in alignment with their investment objectives. In 2014 we proudly became the first Saudi company and the world’s first Shariah-compliant asset manager to become signatory to the UN Principles of Responsible Investment (UNPRI) and we continue to be recognized for our commitment to responsible investments. SEDCO Capital oversees more than $5 billion in total assets under management (AUM) and is headquartered in Jeddah with offices in Riyadh, Dubai, London, and Luxembourg.

Find out more at www.sedcocapital.com

[1] Source: IPE “Top 500 Asset Managers” published in June 2021, based on assets under management as at 31/12/2020

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