News Column

Takaud set to highlight assets plan

August 12, 2014



MANAMA: Bahrain-based Takaud, the specialist savings and pensions provider for the Middle East and North Africa (Mena) region, will be sharing insights into its particular approach to allocating assets at a key upcoming event.

The company's acting chief executive Eric Van Biesen will be a key speaker at the eighth annual Fund Forum Middle East to be held from September 21-23 at the Ritz-Carlton Hotel in Dubai.

Mr Van Biesen will also take part in a panel discussion about asset allocation strategy.

The high profile industry event is expected to be attended by institutional investors and fund managers, family offices, insurance companies, and wealth managers from across the Middle East.

"Takaud offers a comprehensive range of investment options for the region's retail savers ranging from long-term planning for retirement through to saving for home purchases and children's education," Mr Van Biesen said.

"To achieve these objectives, Takaud offers savers the choice of nine pre-defined strategies, which are divided across a range of diversified funds and then split across risk profiles ranging from cautious, balanced to aggressive.

"Once the overall investment strategy is agreed, it is regularly 'rebalanced' to ensure the best funds choices are selected to deliver optimal returns with a focus on growing invested capital with options for future income withdrawal," he said.

According to him, Takaud's selected funds adhere to stringent international standards based on balancing investment risk with returns and which meet the needs of the region's investors.

"Takaud's customers have access to funds, which invest in mature and well-established global, emerging and regional markets with the choice of Sharia-compliant and conventional investment options," he added.

"The need to save is an absolutely critical issue for the Mena region, wherein one-third of the population saves nothing on a regular basis.

"This has to be addressed," he added.

Takaud is equally owned by Kuwait Projects Company (KIPCO) and United Gulf Bank, also a member of the KIPCO Group.


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Source: Gulf Daily News (Bahrain)


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