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Saudi Arabia’s SEDCO Capital, a global Shariah-compliant firm with over $5 billion in assets under management has launched two new global passive equity funds in partnership with asset manager Amundi.
The $69 million SC Global Listed Infrastructure Equity Fund will broadly replicate the performance of the FTSE Custom Global Core Infrastructure 50/50 Islamic Net Return Index.
The SC Global Low Volatility Equity Fund, with $91 million, will broadly replicate the performance of Dow Jones Islamic Market World Low Volatility 300 Net Total Return Index.
Both funds will be Shariah compliant and adhere to responsible investment principles, the firms said in a statement on Tuesday.
(Writing by Brinda Darasha; editing by Seban Scaria)
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