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SWIP wins mandate in the emerging markets
03 July 2008
The SWIP said that the portfolio will become part of the Russell Jadwa Shariah fund range and reaffirms its appearance as an expert in managing equities in emerging markets.
It is expected that up to 40 stocks will make up the portfolio which fulfills the Shariah criteria seen in the research by the SWIP's Global Emerging Markets team.
Ominder Dhillon, head of SWIP's UK Institutional Business, said that the awarding of the mandate to the SWIP showcases the client's flexibility in managing bespoke client requirements.
These are "exciting times" for emerging markets and with a "longer term approach to investing and our bottom up stock picking skills, SWIP is well positioned to deliver consistent superior performance for our clients," he stated.
Meanwhile, a report in the Wall Street Journal said that managing a fund in an emerging market is a test of any fund managers skill.
Source: Adfero
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