Latest news with #MoneyMarketFund
Biz Bahrain
17-06-2025
- Business
- Biz Bahrain
SICO Capital Wins Dual Honours at Sanadeq Investment Forum 2024 for Outstanding Fund Performance
SICO Capital, a leading provider for asset management, brokerage, and investment banking, headquartered in Riyadh and licensed by the Saudi Capital Market Authority (License No. 08096-37), announced today that it has received two prestigious awards at the Sanadeq Investment Forum 2024. The recognition highlights SICO Capital's strong fund management track record and its commitment to delivering long-term value for investors across its asset management, investment banking, and brokerage services. SICO Capital's MENA Equity Fund (formerly known as SICO GCC Dividend Growth Fund) was recognized as the Best Performance Investment Fund Award for 5 Years in Gulf Equity Funds Category in Saudi Financial Market, and its Money Market Fund (MMF) was named Best Performance Investment Fund Award for Murabaha and Liquidity Funds with Assets of Less than SR 1 billion in Saudi Financial Market 2024. These awards highlight the firm's consistent outperformance and strategic focus on delivering resilient, Shariah-compliant investment solutions. Wissam Haddad, CEO of SICO Capital, commented, 'We are truly honored to receive this recognition from the Sanadeq Investment Forum. These accolades underscore our team's in-depth market expertise, disciplined approach, and unwavering commitment to delivering the best results for our investors. The success of both our MENA Equity Fund and Money Market Fund showcases the effectiveness of our active management and the value of local insights in capturing regional growth. Looking ahead, we remain focused on innovation, performance, and expanding our range of Shariah-compliant products to align with our clients' financial goals.' SICO Capital's MENA Equity Fund (formerly known as SICO GCC Dividend Growth Fund), received top honors for its impressive five-year performance, achieving a remarkable return of 185%. This significantly exceeds its benchmark, which recorded a return of 74% during the same period. The fund aims to deliver long-term capital appreciation by investing in diversified, Shariah-compliant equities across the MENA region. Over the past five years, it has demonstrated strong risk-adjusted returns. SICO Capital's Money Market Fund has been recognized with the Best Money Market Fund award, showcasing its strong performance in capital preservation, liquidity management, and consistent returns within a Shariah-compliant framework. Since its launch in June 2016, the Fund has aimed to maximize short-term returns while safeguarding capital and ensuring high liquidity, a goal it has successfully achieved over the years. As of Q1 2025, the Fund has delivered a five-year cumulative return of 19.88%, surpassing its benchmark return of 18.51%, and a one-year return of 5.96%. The Fund's portfolio primarily consists of deposits (77%) and sukuk (23%), with investments spread across Saudi Arabia and Bahrain.
Syyaha
15-06-2025
- Business
- Syyaha
SICO Capital Wins Dual Honours at Sanadeq Investment Forum 2024 for Outstanding Fund Performance
SICO Capital, a leading provider for asset management, brokerage, and investment banking, headquartered in Riyadh and licensed by the Saudi Capital Market Authority (License No. 08096-37), announced today that it has received two prestigious awards at the Sanadeq Investment Forum 2024. The recognition highlights SICO Capital's strong fund management track record and its commitment to delivering long-term value for investors across its asset management, investment banking, and brokerage services. SICO Capital's MENA Equity Fund (formerly known as SICO GCC Dividend Growth Fund) was recognized as the Best Performance Investment Fund Award for 5 Years in Gulf Equity Funds Category in Saudi Financial Market, and its Money Market Fund (MMF) was named Best Performance Investment Fund Award for Murabaha and Liquidity Funds with Assets of Less than SR 1 billion in Saudi Financial Market 2024. These awards highlight the firm's consistent outperformance and strategic focus on delivering resilient, Shariah-compliant investment solutions. Wissam Haddad, CEO of SICO Capital, commented, 'We are truly honored to receive this recognition from the Sanadeq Investment Forum. These accolades underscore our team's in-depth market expertise, disciplined approach, and unwavering commitment to delivering the best results for our investors. The success of both our MENA Equity Fund and Money Market Fund showcases the effectiveness of our active management and the value of local insights in capturing regional growth. Looking ahead, we remain focused on innovation, performance, and expanding our range of Shariah-compliant products to align with our clients' financial goals.' SICO Capital's MENA Equity Fund (formerly known as SICO GCC Dividend Growth Fund), received top honors for its impressive five-year performance, achieving a remarkable return of 185%. This significantly exceeds its benchmark, which recorded a return of 74% during the same period. The fund aims to deliver long-term capital appreciation by investing in diversified, Shariah-compliant equities across the MENA region. Over the past five years, it has demonstrated strong risk-adjusted returns. SICO Capital's Money Market Fund has been recognized with the Best Money Market Fund award, showcasing its strong performance in capital preservation, liquidity management, and consistent returns within a Shariah-compliant framework. Since its launch in June 2016, the Fund has aimed to maximize short-term returns while safeguarding capital and ensuring high liquidity, a goal it has successfully achieved over the years. As of Q1 2025, the Fund has delivered a five-year cumulative return of 19.88%, surpassing its benchmark return of 18.51%, and a one-year return of 5.96%. The Fund's portfolio primarily consists of deposits (77%) and sukuk (23%), with investments spread across Saudi Arabia and Bahrain.
News24
14-05-2025
- Business
- News24
How to stay financially focused when the world feels uncertain
Inflation. Market swings. Global tension. It's a tough crowd out there for investors. When headlines are loud and your portfolio feels the pressure, the instinct might be to pull back, hold cash, or simply freeze. But history shows that staying the course with the right tools can make all the difference. At times like these, what matters most isn't panic or prediction. It's strategy. 3 smart moves for uncertain times Sygnia has designed the Zen Range of investment funds with one clear objective: to help you navigate volatility without losing sight of long-term growth. These funds are built on flexibility, discipline, and a focus on inflation-beating returns. Here's how you can stay invested and stay smart: 1. Sygnia Money Market Fund For investors who are feeling particularly risk-averse, this is a conservative option that still offers more than your average savings account. It's an ideal parking spot for capital that needs to stay liquid while earning a competitive return. 2. Sygnia Enhanced Income Fund Looking for steady income and peace of mind? This fund prioritises short- term capital stability with regular payouts, all while carefully managing risk. It' s built for times when protection matters just as much as performance. 3. Sygnia Skeleton Balanced Absolute Fund Markets go up. Markets go down. This fund is designed to do well in both directions, aiming for positive returns over 12 months by spreading investments across different asset classes. The result: a balanced approach that seeks growth without the drama. Agility is the advantage The common thread across all three options is active, hands-on management. This means Sygnia's investment team isn't sitting still; they're constantly analysing, adjusting, and reallocating to help shield your portfolio from inflation and sudden shocks. Even in a shaky market, your money can still work for you. These funds offer a well-considered, prudent path forward, one that safeguards your long-term goals while minimising the bumps along the way. Want a deeper dive into the Zen Range strategy? Watch the full webinar here:
Daily News Egypt
29-04-2025
- Business
- Daily News Egypt
AXA Egypt launches first gold investment fund
AXA Egypt Insurance has announced the launch of its first gold investment fund, becoming the first insurance company in Egypt to offer such a product. The move reflects the company's commitment to providing innovative financial solutions that merge insurance with investment opportunities. This initiative is in line with AXA Egypt's broader strategy to deliver integrated offerings that cater to a diverse client base seeking secure, return-driven investment tools. The new gold fund offers a convenient and secure alternative to physically purchasing and storing gold, eliminating associated manufacturing fees and storage concerns. The fund ensures physical gold is securely stored and insured in partnership with the Central Bank of Egypt (CBE). It also provides investors with flexibility, allowing subscriptions and redemptions at any time. Pricing is fully transparent, based on local gold rates that mirror global prices, giving investors easy access to the performance of the precious metal. Omar Shelbaya, CEO of AXA Egypt, said the fund responds to growing demand for flexible and integrated financial solutions in the local market. 'We are proud to be the first insurance company in Egypt to launch a gold investment fund—an achievement that underscores our commitment to addressing the evolving needs of Egyptian consumers. This offering provides clients with exceptional investment opportunities, whether they are seeking stable returns or long-term growth, all within a framework of high security and transparency,' he said. Shelbaya added that the launch also supports AXA Egypt's mission to enhance financial inclusion by offering investment products that allow clients to grow their funds instead of redeeming them in cash. 'The gold fund is more than just a new investment option—it reflects our vision to expand access to long-term financial tools and reinforces AXA's position as a trusted financial partner in the Egyptian market,' he added. The gold fund follows the launch of two other investment products introduced by AXA last year: a Money Market Fund, which provides daily pricing reflecting net asset value without risk of capital loss, and an EGX30 Exchange-Traded Fund (EGX30ETF), which tracks the performance of the EGX30 Index and is traded on the stock exchange like regular equities. Both funds were launched as part of AXA's broader strategy to offer integrated, market-relevant financial solutions.
Zawya
24-03-2025
- Business
- Zawya
Oman: ahli islamic money market fund surpasses $129mln in assets
MUSCAT: As part of its commitment to achieving significant milestones in the Islamic banking sector, the ahli islamic Money Market Fund has announced that its managed assets have surpassed the RO 50 million mark, just one year after its launch. The fund also achieved an annualized return of +5.1% during the first 12 months of operations, generating a net profit of RO 861,417 for 2024. These results reflect the confidence investors have placed in the Fund and the appeal of its Sharia-compliant investment strategy. Hanaa Mohammed al Kharusi, Senior General Manager - Wholesale Banking, stated: "At ahlibank, we take pride in the success of the ahli islamic Money Market Fund, which has exceeded RO 50 million in assets in its first year. The fund has maintained stability with low volatility, contributing to steady returns, in addition to its commitment to ethical financial practices. Furthermore, we are proud that our investor base is well-diversified, comprising both institutional and individual investors, which highlights the fund's broad appeal and reliability. This achievement reflects the excellence and innovation embraced by the bank and underscores its ability to provide secure, advanced investment solutions that meet the needs of our customers, balancing strong returns with limited risks, further reinforcing our position as a leading financial institution in the region.' Echoing the same, Noora Sabah Jawad Sultan, Chairperson - ahli islamic Money Market Fund, said: "At ahli islamic, we take pride in the performance of this exceptional fund, which stands out due to its unique structure. This fund provides an attractive alternative to demand deposit accounts, offering investors high liquidity and a flexible solution for managing their financial allocations in bank deposits. Moreover, the fund focuses on investing in high-credit-rated market instruments, ensuring that investors' funds are exposed to securities of investment-grade quality, thereby enhancing the achievement of optimal risk-adjusted returns, in line with the highest banking standards.' 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
