Launch of equity and Islamic multi-asset funds strengthens firm’s commitment to the UAE.
The Aditum Global Access ICC Ltd platform has added two new funds to its DIFC-domiciled portfolio, launched by Aditum Investment Management Limited (“Aditum”). This adds another milestone for Aditum’s show of commitment toward reinforcing its position in the UAE financial landscape.
PC: Aditum Investment Management
The two funds are the Fundsmith Global Equity Fund IC Open Ended Plc, launched on October 31, 2024, and the Aditum Islamic Income and Growth Fund Open Ended IC Plc also launched last November but on November 4, 2024. While the former is a global equity fund giving heed to global equity opportunities, the latter is in-house managed multi-asset funds that are Sharia-compliant, hence giving the investors an investment option adhering to Islamic principles.
With the two launches, Aditum has seen the total funds it has domiciled with DIFC increase to eight. This consists of four in the form of Signature CIO feeder funds, an in-house managed Global Fixed Maturity Fund 2028, and its flagship DIFC-domiciled fund, the Four Quadrant Dynamic Allocation Fund OEIC Limited. A diversified portfolio will enable Aditum to offer a diversified platform of investment vehicles to meet the goals and risk tolerance of investors, differentiated by asset classes and regions.
As of October 30, 2024, Aditum’s total assets under management now sum up to over $7.2 billion, and about $175 million remains currently being actively managed inside the DIFC. It aligns with the steady uptrend that Aditum has experienced in the financial industry and showcases its capabilities of strengthening the investment sector of the UAE.
Aside from this launch, the firm has other developments still in the pipeline. For example, six funds domiciled within the DIFC are in the process of operational setup. The firm also expects to launch three more funds within the next few months. This would further expand the diversification of Aditum’s offerings and augment its regional impact.
Through these current launches and future plans for other funds to be launched, Aditum Investment Management aims at enabling investors’ better access to global investment opportunities as well as innovative solutions in asset management. Ongoing growth of the offerings and ongoing presence at DIFC positions Aditum among devoted investors’ service providers in the UAE and thus actively develops and grows the regional financial sector.
