Manama, Bahrain 29 November 2015: Securities & Investment Company (SICO), licensed by the Central Bank of Bahrain as a conventional wholesale bank, announced today the de–listing of two of its funds – SICO Arab Financial Fund (SAFF) and SICO Money Market Fund ( SMMF) - from the Bahrain Bourse (BHB), following a formal request by the Bank to BHB earlier in the month.
SAFF was launched in August 2007 with the objective of investing in financial sector securities listed on MENA region stock markets. Since inception, the Fund achieved returns of 26.5 per cent compared with minus 32.0 per cent by its benchmark. During the five-year post-financial crisis period of April 2008 to March 2013, the Fund’s return was minus 2.2 per cent versus minus 46.2 per cent for the benchmark, making it one of the best performing funds in the region during this period.
The full press release in English & Arabic can be downloaded here