Jadwa Investment wins top honours
Riyadh, April 6, 2011
Jadwa Investment, a leading Saudi investment bank, has won the “Best Gulf Countries Fund”, “Best Gulf Countries Islamic Fund” and “Best Arab Fund” awards for 2010 at the Gulf Lipper Fund Awards 2011 held in Dubai.
Lipper in collaboration with Thomson Reuters has over 35 years of collective fund industry experience and a reputation for providing unbiased, high quality institutional information. They provide global fund information and analysis in over 61 countries, covering over 117,000 funds. The Lipper Fund Awards program honors funds that have excelled in delivering consistently strong risk-adjusted performance, relative to peers.
In 2010, Jadwa’s GCC Equity Fund delivered returns of 19.76 per cent, outperforming its peers. Jadwa’s Arab Markets Equity Fund had performance of 19.35 per cent.
This recognition follows a series of achievements by Jadwa as it marks the fourth time that Jadwa’s GCC Equity Fund has been honored and the second time for the Arab Markets Equity Fund.
Additionally, Jadwa was recently awarded an MQ2 Management of Financial Investments rating from Moody's, which is the second highest global rating used by Moody’s for investment managers. This rating was the first of its kind to be awarded in the Middle East.
“We are pleased to be recognized by Lipper, which is a leader in assessing the performance of mutual funds across the globe,” said Ahmed Al-Khateeb, managing director and chief of Jadwa Investment.
“The results achieved are evidence of the distinct capabilities of Jadwa’s world-class asset management team, as well as the distinguished level of efficiency integral to the active investment strategy adopted by Jadwa Investment’s management,” added Fadi Tabbara, head of Asset & Wealth Management and chief investment officer of Jadwa Investment.-TradeArabia News Service