GLOBAL: Standard Chartered (StanChart) launched two of its Signature CIO Islamic Funds from the UAE, marking them as the first UAE-domiciled products in its global offering. The funds will be managed by Aditum Investment Management and Shariah oversight provided by Ebdaa Islamic Finance Consultancy. The initial launch will feature the Signature CIO Islamic Growth Fund and the Signature CIO Islamic Income Fund – which aim to provide investors with diversified access to global Islamic equities, Sukuk, gold and cash allocations. The bank also announced plans to expand the range to four funds soon, with two already featured in the bank’s UAE website – the Signature CIO Conservative Fund for low volatility and the Signature CIO Balanced Fund for moderate returns.
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