Riyadh – Mubasher: SEDCO Capital, a Shariah-compliant asset management and investment advisory company, has launched two new global passive equity funds in partnership with Amundi.

The $69 million SC Global Listed Infrastructure Equity Fund will replicate the performance of the FTSE Custom Global Core Infrastructure 50/50 Islamic Net Return Index, according to a press release on Tuesday.

The new fund aims to promote client investment exposure to infrastructure-focused equities that less-correlated to the broader market.

Meanwhile, the $91 million SC Global Low Volatility Equity Fund seeks to broadly replicate the performance of the Dow Jones Islamic Market World Low Volatility 300 Net Total Return Index.

The CEO of SEDCO Capital, Samer Abu Aker, said: "With the launch of these two funds, we provide investors with access to compelling equity strategies that aim to contribute to robust long-term and sustainable risk-adjusted returns. We are proud to partner with Amundi and its team of world-class investment management professionals."

Meanwhile, the CEO of Amundi Middle East, Nesreen Srouji, commented: "By leveraging on Amundi’s large investment capabilities and local longstanding presence in the Middle East, we are able to provide investors with flexible innovative solutions while offering a high-quality service and client proximity."