Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

2667

Majid Al Futtaim Asset Management launches MENA Equity Fund

RELATED TOPICS​

Majid Al Futtaim Asset Management, the asset management arm of the Majid Al Futtaim Group, has announced the launch of its first MENA equity produc

Majid Al Futtaim Asset Management, the asset management arm of the Majid Al Futtaim Group, has announced the launch of its first MENA equity product, The Elite MENA Equity Fund.

Investors can now invest alongside the family office of Majid Al Futtaim and gain access to the services of the portfolio management team responsible for the MENA equity investments.

The Majid Al Futtaim family office has seeded the Fund with US$150m (AED 550m), making it one of the largest MENA equity funds available to investors.

Focused on the Middle East and North Africa (MENA) region, the ‘long-only’ open ended fund, domiciled in Luxembourg, aims to achieve long term asset growth and capital preservation through a tried and tested ‘risk-managed growth’ approach to MENA investments. This approach has enjoyed strong relative performance over the past seven years.

“Investors deserve to have the best home for their money in both turbulent and stable investment environments,” says Iyad Malas, the Chief Executive of Majid Al Futtaim Asset Management. “By opening the doors to the services of the portfolio management team responsible for Majid Al Futtaim’s family office, we offer investors a tried and tested place to invest. The Elite MENA Equity Fund offers investors an opportunity to invest with a team whose performance speaks for itself.

“Increasing market liberalization, attractive valuations, and low currency risk offer good opportunities for investors, especially those who currently have limited exposure to the MENA region,” adds Malas. “Majid Al Futtaim Asset Management takes a “Risk-Managed Growth” approach to regional investment opportunities, including a top-down understanding of MENA markets complemented by a bottom-up assessment of specific opportunities for investment,” he added.

The key objectives of “risk-managed growth” are the preservation of wealth alongside the achievement of long-term growth. This approach rests on actively managing portfolios by focusing on economic and fundamental factors combined with rigorous due diligence and risk management processes.

Latest News

DWS has announced the latest development in its strategic growth push in Alternative Credit with..
According to the latest ESG data from PwC Luxembourg finds that investment flows towards EU..
Solactive and private equity data provider CEPRES have established a new partnership for to introduce..

Related Articles

Pension funds
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next decade, industry research reveals...
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next..
Tim Crawmer, Payden & Rygel
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also, given that equities had a strong year last year, big funds have taken some chips off the table in equities and put them into fixed income...
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also,..
Lady justice
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI) strategies received glowing commendations from the Bank of England in its March report...
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI)..
Pension funds
Four potential operators of pensions dashboards (Just Group, Legal & General, Moneyhub and Standard Life, part of Phoenix Group) are coming together to instigate a new industry coalition...
Four potential operators of pensions dashboards (Just Group, Legal & General, Moneyhub and Standard Life, part of Phoenix Group) are..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by