https://arab.news/wxgmq
JEDDAH: Saudi Arabia’s SEDCO Capital, a global Shariah-compliant asset management and investment advisory firm, has launched two new global passive equity funds in partnership with Amundi.
The two firms launched SC Global Listed Infrastructure Equity Fund, with a size of $69 million, and the SC Global Low Volatility Equity Fund, with a size of $91 million, it said in a statement.
The first fund will replicate the performance of the FTSE Custom Global Core Infrastructure 50/50 Islamic Next Return Index, SEDCO said, and it is aimed at infrastructure-focused equities “that are less-correlated to the broader market offering stable cash flow and positive fundamentals driven by supportive government policy.”
The second one follows Dow Jones Islamic Market World Low Volatility 300 Net Total Return Index, which measures the performance of the 300 least volatile stocks in the Dow Jones Islamic Market World Index.