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Islamic Finance Briefing - Categorized | Funds, Market Moves, Performance more

Islamic asset manager outperforms faith-based peers

Posted on 30 December 2008

From Wealth-bulletin.com: The Amana Trust Income Fund, the main Muslim investment fund with $1.2bn (€853m) in assets under management, has outperformed those from all other faiths in the US by losing just 25.8% of its value for the year, half the average 44% loss for US stock funds

Nick Kaiser, manager for the two Amana funds, said that the firm saw an inflow of $40m last month alone, of which more than 50% came from non-Muslim investors….. Full Article: Source

 
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