Abu Dhabi, 09 December 2024 – Azimut Group, an independent and global group in the asset management, wealth management, investment banking and fintech space, has further deepened its Middle East footprint with a new Fixed Income fund aiming to tap into the significant growth potential of debt capital markets across the Middle East and North Africa.
Launched in October 2024, managed by Azimut’s DIFC based team, the MENA Fixed Income UCITS Fund aims to offer regional and global investors a diversified portfolio of fixed and floating rate fixed-income securities, issued by sovereigns, government-related entities and/or corporates based in MENA countries.
According to Charles Feghali, the Fund’s Lead Portfolio Manager, “Maintaining credit diversification will be a key pillar of our investment strategy while simultaneously generating superior risk-adjusted returns.”
The portfolio aims to maintain an investment grade average credit rating, balancing yield potential with credit quality, added Feghali. The average portfolio duration as of October 2024 was 5.2.
Azimut already has significant investment experience in the region, managing almost USD 2 billion in MENA assets.
“Successfully raising assets of over USD 45 million in this strategy, we are delighted to further expand our capabilities for investors looking for medium and long-term capital growth by accessing the growth opportunity that the MENA region offers,” added Maroun Jalkh, Head of Institutional and Wholesale, Middle East & Asia.
About Azimut Group
Azimut is an independent, global group in the asset management, wealth management, investment banking and fintech space . A public company listed on the Milan Stock Exchange (AZM.IM), Azimut is a leader in Italy and active in 18 countries around the world, managing approximately US$100 billion in AUM. Azimut group currently has more than 1,650 employees, of which 200+ are investment professionals. Since 2010, Azimut has grown internationally, expanding to key markets including the Middle East, China, Latin America, and the US. In the asset and wealth management space, the Group serves institutional, private, and corporate clients. Through the expansion, Azimut has broadened its asset class offering, and today boasts unique products such as one of the world’s largest global sukuk fund, a private markets GP staking fund, ESG-compliant public and private markets funds, and more.
For more information, visit www.azimut-group.com
