Sukuk-Focused Amana Participation Fund Attracts $100 Million in Assets
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Monday, November 25, 2019
BELLINGHAM, Wash., Nov. 25, 2019 /PRNewswire-PRWeb/ -- Saturna Capital Corporation (Saturna), adviser to the Amana Mutual Funds , announced that the Amana Participation Fund (AMAPX, AMIPX) , which invests primarily in income-producing securities called sukuk, has surpassed a milestone $100 million in assets.
Key Points:
- BELLINGHAM, Wash., Nov. 25, 2019 /PRNewswire-PRWeb/ -- Saturna Capital Corporation (Saturna), adviser to the Amana Mutual Funds , announced that the Amana Participation Fund (AMAPX, AMIPX) , which invests primarily in income-producing securities called sukuk, has surpassed a milestone $100 million in assets.
- The Participation Fund is the first mutual fund for US investors with a portfolio focusing exclusively on sukuk and Sharia compliant investment certificates.
- "We view this as an important milestone in the success of the Participation Fund as well as Saturna Capital.
- The risks of foreign investing are generally magnified in the smaller and more volatile securities markets of the Participation Fund.