Manama:ASB Capital, a purpose-driven asset and wealth management firm with assets under management amounting to USD 10.2 billion, has announced the launch of the ASB Liquidity Fund6. This new offering is a Shari'a-compliant money market fund aimed at providing investors with a liquid investment solution that focuses on capital preservation, daily liquidity, low volatility, and risk-adjusted returns.
According to Bahrain News Agency, the ASB Liquidity Fund deploys capital across a diversified portfolio of high-quality short-term deposits and debentures issued by governments, government entities, banks, and other eligible issuers across the GCC and wider MENA markets. The Fund's actively managed, highly liquid portfolio is designed to maintain low volatility while targeting higher risk-adjusted returns.
The introduction of the ASB Liquidity Fund addresses the practical challenges investors face in managing short-term cash. Such challenges include the need for ongoing rate monitoring, duration management, and reinvestment when investing directly in deposits. The Fund simplifies these responsibilities by consolidating them within a single actively managed portfolio, thereby providing investors with diversified exposure without the administrative burden of managing multiple exposures directly.
This launch expands ASB Capital's investment platform, enhancing its ability to serve clients across the full risk and liquidity spectrum, from daily liquidity and cash management requirements to longer-term public and private market allocations. Rafik Nayed, Managing Director of ASB Capital, emphasized that this launch is a significant step in further developing the firm's investment platform across the risk spectrum. The Fund offers clients an actively managed money market fund alongside broader public and private market capabilities, supporting their investment cycle needs and assisting in capital allocation with greater efficiency and flexibility.
Hussain Abdulhaq, Chief Treasury Officer of Al Salam Bank, noted that the ASB Liquidity Fund addresses a fundamental requirement shared by institutions, businesses, and private investors the efficient management of available cash while maintaining liquidity and capital preservation. By combining active portfolio management, diversification, and daily access within a single solution, the Fund alleviates much of the complexity involved in managing multiple deposits and maturities.