Arqaam Capital has launched two fixed income funds that are domiciled in the Dubai International Financial Centre (DIFC).
The High Income Fund will invest in emerging markets, especially those in the Middle East and North Africa, with a tilt towards high-yielding bonds. The Islamic Fixed Income Fund will invest in sharia-compliant bonds issued by governments and corporates around the world.
“The emerging markets debt universe and the global sukuk market offer a wealth of attractive opportunities and a host of benefits to investors, including diversification, lower volatility and greater liquidity,” said Tarek Lotfy, president for the Gulf Cooperation Council region at Arqaam.
Abdul Kadir Hussain and Zeina Rizk will co-manage the funds, which are denominated in US dollar and pegged currencies.
The funds were established under the Collective Investment Fund Regime by the DIFC regulator, the Dubai Financial Services Authority (DFSA).
“By domiciling these funds in DIFC, Arqaam Capital is utilising the DFSA’s recently updated fund regime and our supportive infrastructure to build a solid platform from which they can access investors around the world,” said Salmaan Jaffery, chief business development officer at DIFC Authority.
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