SICO Triumphs Again: Best MENA Fixed Income Fund Strategy Award Winner
SICO’s Fixed Income Fund outshines with a 5.4% return, surpassing the FTSE Mena Index in 2024 and securing the Best MENA Fixed Income Fund Strategy Award.
In a remarkable feat, SICO, the reputable regional asset manager, once again garners recognition, clinching the prestigious Best MENA Fixed Income Fund Strategy Award for 2024. This accolade is a testament to the firm’s innovative strategies and commitment to producing exceptional returns for stakeholders.
Outperforming the MENA Bond Market
SICO’s fixed income strategy registered an impressive net return of 5.4% in 2024. This achievement notably surpasses the FTSE Mena Broad Bond Index return of 3.4%, showcasing the firm’s adeptness in navigating volatile markets while securing attractive yields for their clients. Indeed, this marks their second award reception in this category, with a prior win in 2022.
A Robust Portfolio Management Approach
With an impressive $7.9 billion in assets under management as of March 2025, SICO’s expertise encompasses six main GIPS Composites along with bespoke management solutions and public funds across fixed income and money markets. According to Khaleej Times, SICO’s diverse offerings ensure clients benefit from a spectrum of short to long-term investment opportunities.
Insights from SICO Leadership
Expressing elation at the accolade, Ali Marshad, Group Head of Fixed Income Asset Management, underscores the firm’s investment philosophy and trading infrastructure that drive stellar results. He points to their strategic presence in Saudi Arabia as instrumental in enhancing client support and achieving significant impact within the region’s intricate financial landscape.
Manuel Al Mutawa, Vice President of Fixed Income Asset Management, highlights the success factors, emphasizing a neutral duration strategy and a focused selection of non-investment grade assets pivotal in weathering market turbulence.
Expanding Horizons with Shari’ah-Compliant Offerings
Following the resounding success of their Fixed Income Fund, SICO broadens its scope with the launch of the Shari’ah-compliant Elzaad Sukuk Fund in 2023, complementing the previously established SICO Capital Murabaha Fund aimed at Shari’ah investors. These initiatives highlight SICO’s commitment to catering to diverse market demands with customized products yielding compelling returns.
Acknowledgement from the Financial Community
Victoria Behn, Managing Director of Global Banking & Markets, commends SICO’s strategic prowess, citing their adept balance of liquidity and credit discipline that preserved capital whilst capturing growth potential. The Global Banking & Markets Middle East Awards thus recognize SICO as a paragon of stability and proficiency amidst a volatile financial milieu.
Having delineated its mark once again, SICO continues its journey of excellence in delivering value-centric financial solutions, promising consistent and sustainable returns against the evolving market backdrop.