Dubai’s Arqaam Capital launches two fixed income funds
Dubai-based investment company Arqaam Capital, is launching two new income products – a high income and a fixed income fund.
The investment bank, known for specialising in emerging and frontier markets, will manage the funds from its Dubai International Financial Centre (DIFC) base.
The Arqaam High Income fund is an open-ended fund investing in emerging markets and will target the MENA region, the company said in a statement announcing the launch. The portfolio comprises fixed and floating rate investments originating from target markets with a tilt towards higher yielding instruments to enhance the risk adjusted returns.
The Arqaam Islamic Fixed Income fund is an open-ended fund investing in regional and global diversified Shar’iah compliant fixed income securities (sukuk) issued by sovereign, quasi-sovereign and corporates.
Both funds are now open to investment following approval from the Dubai Financial Services Authority (DFSA).
The two funds will target annual returns of 6-7%. They will be co-managed by Abdul Kadir Hussain who is the head of Fixed Income Asset Management and Zeina Rizk, who director of Fixed Income Asset Management at Arqaam.
Hussain has more than 24 years investment experience in the emerging market space, with a 10-year track record in managing conventional fixed income credit-based funds and a 6-year track record managing Shari’ah compliant fixed income credit funds.
Rizk has over 10 years of investment experience in the global credit market, with a 6-year track record of managing both a conventional global credit fund and a Shari’ah global credit fund.