Rasmala GCC Fixed Income Fund - Rasmala Investment Bank

Executive Summary
The Opportunity
The Fund
Rasmala Value Added
Fund Highlights
• The GCC countries are spending
heavily on local infrastructural
projects in order to diversify their
economies and reduce their
dependence on oil and gas
reserves.
• There is clear evidence of strong
implicit and explicit financial
support provided by many
financially sound regional
governments to their
government related entities.
• Investing in GCC securities
provides interesting
opportunities relative to issuers
in a number of other markets.
• Many GCC bonds / sukuk trade
at attractive yields relative to
their credit ratings.
• The Fund’s objective is to
primarily invest in a portfolio of
GCC bonds and sukuk diversified
by issuer, sector, geography and
credit risk profile. The Fund aims
to generate a regular income
stream and capital appreciation
through investment in well rated
government, quasi government
and corporate bonds, sukuk, and
other financial instruments. The
Fund expects to distribute semiannual
dividends around the 30 th
June and 31 st December.
• The return on the Fund is
expected to remain well above
bank fixed deposit rates.
• The Rasmala GCC Fixed Income
Fund has been a top performer in
the fixed income market since its
inception in March 2009 returning
56%* through September 2013,
to its investors.
• Rasmala Asset Management
has one of the largest and most
experienced teams in the region
with 15 investment professionals.
• Having operated in the region
since 1999 and successfully
managed fixed income funds and
portfolios since 2007, Rasmala
Investment Bank has detailed
knowledge and a deep
understanding of the debt issues
within the GCC.
*This is the cumulative return since the Fund was
• Robust investment guidelines are
applied which provide
diversification across the portfolio.
• Dynamically managed to
capitalize on anticipated changes
in credit quality, interest rates,
market sentiment and bond /
sukuk mispricing.
• The Fund has a 30% carve-out
that enables the Fund to invest in
markets outside the GCC that
have potential to outperform.
• Comprehensive risk management
processes and oversight is
employed to minimize risk.
• Third party service providers have
been carefully selected from firms
which follow international best
practice.
launched on the 31 st March 2009
Rasmala GCC Fixed Income Fund
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