PUBLIC MARKETS

Unique public markets platform that invests in publicly listed securities

Introduction

SHUAA Capital has a differentiated and unique public markets platform that invests in publicly listed securities through fund structures, with a focus on Middle East markets.

Goldilocks Investment Company Ltd

Goldilocks is an open-ended fund launched in 2015 and managed by ADCM Altus Investment Management Ltd. Goldilocks predominantly invests in GCC-listed equities with a long-term goal to compound capital at a high rate of return whilst minimising the risk of loss of capital by investing in listed companies trading at discount to intrinsic value.

Goldilocks follows an investment approach based on constructive activism. The fund operates with the support of other shareholders to ensure Boards and management of companies work towards executing turnaround strategies and unlocking shareholder value.

Constructive Activism
Fund Approach
Public Equities Asset Class
GCC Geographic Focus
Open-Ended Fund Type

The Fund operates with the support of other shareholders to ensure Boards and management of companies work towards executing turnaround strategies and unlocking shareholder value.

Investment Approach

Fundamental Analysis

Identifying the Goldilocks “Candidate”

Constructive Activism

Create Value for All Shareholders

ICC Fund Platform

SHUAA has established the Incorporated Cell Company (“ICC”) fund structure in ADGM to launch differentiated fund strategies under the ICC platform. SHUAA has launched three funds under the ICC fund structure – SHUAA High Yield Sukuk Fund (“SHYSF”), Nujoom Balanced Fund (“NBF”) and Nujoom Aggressive Fund (“NAF”) (the “Funds”) .

The Funds will offer Investors the opportunity to diversify their holdings into well managed balanced funds with allocation across global Sharia compliant equities and fixed income. Fundamental bottom-up analysis towards stock picking and selection of sukuk investments with a focus on maintaining a high-quality investment portfolio with a long-term horizon.

ADGM Fund Domicile
Equities & Sukuk Asset Class
Sharia Compliant Investment
Global Geographic Focus

ICC Funds focus is on high quality companies in growth sectors and value stocks

30-40%

Secular Growth

30-40%

Value

20%

Tactical Trades

Investment Philosophy

We invest in businesses, not stocks or securities – in the long term, we believe no investment (however attractive the entry point) can outperform the underlying business.

Traditional Investing

SHUAA Investment Style

Discretionary Portfolio Management

Portfolio A – Discretionary Portfolio Management aims to achieve regular income as well as capital growth with an conservative 80% allocation to Investment Grade fixed income securities.

Performance chart of SHUAA Client A DPM versus benchmark

Portfolio B: Discretionary Portfolio Management aims to achieve capital preservation and generate anticipated Target Profit, predominantly from a diversified portfolio of Sharia compliant Investments of varying maturities, with balanced risk metrics.

Performance chart of SHUAA Client B DPM versus benchmark