Arqaam Capital launches two fixed-income funds

Dubai: Arqaam Capital, the specialist emerging and frontier markets investment bank, said on Monday it has launched two specialist fixed income funds at the Dubai International Financial Centre (DIFC) following approval from its independent regulator, the Dubai Financial Services Authority (DFSA).

The two funds have been developed entirely within the DFSA’s Collective Investment Fund Regime. The Arqaam Islamic Fixed Income Fund, in turn, is an open-ended fund investing in regional and global diversified Sharia-compliant fixed income securities (sukuk) issued by sovereigns, quasi-sovereigns and corporates.

The EM fund invests in hard currency and pegged currencies, with a target return of 7 per cent, whereas the sukuk fund invest in US dollars and pegged currencies with a target return of 6 per cent.

“We are excited to offer an investment opportunity that provides regular income and relatively low-risk exposure, and builds on our decade old track record. The new funds will invest in a range of fixed-income assets from within the regional and global emerging markets. Arqaam Capital has introduced a state of the art trading and risk systems to ensure investors are provided with the highest quality investment products,” Abdul Kadir Hussain who is the head of Fixed Income Asset Management said.