Jadwa Investment, a Riyadh-headquartered investment management and advisory firm, has announced the full activation of its multi-manager funds platform. The new Shariah-compliant offering comes as part of Jadwa’s ongoing commitment to expanding its clients’ access to new asset classes.
The first three funds — covering developed market equities, emerging market equities, and international sukuk — have already reported strong performance results since their launch last year with a total size crossing SR1 billion ($266.5 million), while additional funds are planned across other asset classes later this year.
With the introduction of its multi-manager platform, Jadwa now provides clients immediate and efficient access to leading fund managers across global markets and asset classes. The first three funds, each in partnership with different global managers, offer Jadwa’s clients new global equity and fixed-income strategies through a competitive and cost-efficient fee structure. In particular, the developed market equities fund and international sukuk fund have the lowest total expense ratio among all Islamic funds globally.
Since their launch last year, the three funds have delivered strong performances as of June 2021 in line with their investment strategies. The developed market equities fund, a passive equity strategy, reported a 39.8 percent net return since its inception. The emerging markets equity fund, an active equity strategy, has outperformed market benchmarks with a 26.58 percent net return since inception. Finally, the international sukuk fund has reported a net return of 3.25 percent in the span of 10 months.
Tariq Al-Sudairy, managing director and CEO of Jadwa Investment, said: “We have maintained our strategic discipline despite global uncertainties. The launch of our multi-manager platform is part of our long-term strategy to give our clients access to an expanding universe of world-class, Shariah-compliant investments. I am gratified to see how well our global equity and sukuk funds are performing, and I look forward to the launch of our upcoming multi-manager funds across new asset classes.”
Jadwa plans to launch three more multi-manager funds later this year, offering multiple strategies across leasing, private equity, and real estate.
The firm has total client assets of SR60 billion in public equity, private equity, real estate, private credit, fixed income and money market investments.
Its clients include government-related entities, local and international institutional investors, leading local family companies and offices, and high-net-worth individuals.