JO Hambro launches global select Shariah fund

Managed by Nudgem Richyal

JO Hambro Capital Management has launched a Global Select Shariah fund, bringing its institutional Global Shariah mandate to a wider market.

The Irish domiciled OEIC will be managed by Nudgem Richyal, who also co-manages the firm's Global Select and International Select strategies and will use the same investment process as those funds. The fund will use the MSCI ACWI Islamic Index (net dividends reinvested) as a comparator benchmark. To ensure Shariah compliance, the firm uses a data screening provider that provides a list of Shariah compliant stocks for the fund, excluding companies such as financial services, gambling or defence. It also uses a Shariah adviser to the fund who monitors and reviews the fund structure a...