09.02.2012 - SEI Islamic funds’ AUM up in 2011
SEI announced that assets under management in its Shariah-compliant SEI Islamic Investments Fund Plc increased by more than 25 percent in 2011, despite continued market volatility and net fund outflows elsewhere in the Islamic finance industry. In a sector that saw fund closures and overall assets under management fall in 2011, SEI increased assets under management in its SEI Islamic Investments Fund Plc, demonstrating resilience and commitment in a difficult market. SEI has benefited from the recent consolidation of funds in the Islamic asset-management industry, attracting investments from investors seeking access to international equities, and also from small asset managers who have sub-advised their funds to SEI. (Press Release)