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Al Rajhi Capital launches the Multi Asset Conservative Fund.

The newly launched Multi Asset Conservative Fund is the third fund within its balanced fund range. The fund applies the same proven investment allocation strategy but with a lower level of risk. It can invest up to 15 per cent of its assets in equity funds and hold up to 100 per cent in commodity Mudaraba funds. Within these limits, it has the flexibility to change allocation to growth assets and defensive assets according to market conditions.

The fund's aim is to provide a high level of capital preservation and growth in assets with a lower risk framework by creating a balanced portfolio of equities and Murabaha. The fund uses top down asset and country allocation combined with our in-house managers' investment expertise to determine the optimum assets allocation. The fund's benchmark is as follows:

15 per cent against a range of equity indices

85 per cent against the SIBOR three month's index

Gaurav Shah, Chief Executive Officer of Al Rajhi Capital, said, "This new fund complements our existing range of balanced funds by offering further choice to investors who have a lower risk tolerance and lower appetite for capital fluctuations. The fund aims to generate steady incremental performance from the Murabaha exposure while adding capital through opportunistic exposure to the equity sector, using the range of investment vehicles available for the market circumstances. "

Al Rajhi Capital is offering a special launch incentive whereby the subscription fees are waived for all new subscriptions during the launch period 4-29 June-2011.

2011 CPI Financial. All rights reserved.

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Publication:CPI Financial
Date:Jun 6, 2011
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