ASB Capital and State Street Global Advisors Partner to Manage New Shari’a Compliant Global Equity Fund

April 15, 2025 02:58 AM AEST | By EIN Presswire
 ASB Capital and State Street Global Advisors Partner to Manage New Shari’a Compliant Global Equity Fund
Image source: EIN Presswire
DUBAI, UNITED ARAB EMIRATES, April 14, 2025 /EINPresswire.com/ -- ASB Capital, a purpose-driven asset management firm, announced it will launch a new global equity Shari’a fund which will be managed in partnership with State Street Global Advisors (SSGA). The Fund will provide institutional investors, family offices, and individual investors exposure to a broad universe of publicly listed companies across global equity markets. The Fund, which will be domiciled in the Dubai International Financial Centre (DIFC) and regulated by the Dubai Financial Services Authority (DFSA), leverages, through delegation of investment management to SSGA, SSGA’s decades-long expertise in active equity management to deliver long-term value for investors seeking Shari’a-compliant, ethical investment solutions.

“The Fund reflects ASB Capital’s ongoing commitment to innovation and forming strategic partnerships with renowned global asset managers, unlocking access to global markets for investors in the region and beyond,” said Hichem Djouhri, Senior Executive Officer at ASB Capital. “Our collaboration with State Street Global Advisors allows us to offer investors unique opportunities to diversify their portfolios across sectors and geographies. Together, we are bringing world-class investment opportunities to the region and advancing the growth of Shari’a compliant ethical investment solutions.”

Emmanuel Laurina, Head of Middle East & Africa, from State Street Global Advisors added, “State Street Global Advisors brings decades of expertise in managing global equity strategies, including Shari’a compliant ethical investment solutions, to meet growing demand in the region. By working with ASB Capital, we combine their deep regional insight with our global capabilities, providing investors with access to a curated portfolio of high conviction and high-quality global equities. This collaboration allows us to deliver a sustainable, investment product that aligns with the rising demand for Shari’a compliant ethical investment solutions focused on strong fundamentals and targeting long-term growth.”

Michael Solecki, Chief Investment Officer for Active Fundamental Equities from State Street Global Advisors, said: “We are pleased to be collaborating with ASB Capital on this exciting opportunity bringing our unique focus on quality, durable growth and reasonable valuation to their platform.”

Ehab Rizk
Communications
email us here

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.
This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.


AU_advertise

Advertise your brand on Kalkine Media

Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.