Saudi Fransi plans Saudi’s first emerging markets debt fund: MENA Fund Manager

Saudi Fransi Capital is planning to launch the first Saudi-domiciled emerging markets debt fund, pending regulatory approval, Mena FM can exclusively reveal.

The open-ended SFC Emerging Markets Debt Fund will target retail investors as well as high-net-worth-individuals, with a minimum subscription of SAR2000 ($533). No launch AUM has been set, and the target annualised return will be approximately 7-9%.

“Emerging market debt as an asset class has, on a risk adjusted basis, outperformed emerging market equities over the last decade,” Muskan Thacker, head of asset management and CIO at Saudi Fransi Capital, told Mena FM. “It’s a very underappreciated and underowned asset class, particularly in this part of the world.”

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