Falls Church, Virginia, May 17, 2017 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE
A leading faith-based asset manager has been recognized with Top Guns status by Informa Investment Solutions' PSN manager database. Three of Azzad Asset Management's strategies were among the top 10 performers within peer groups reporting to PSN, the longest-running investment manager database in North America.
"We congratulate Azzad Asset Management on their distinction as a PSN Top Gun. This highly anticipated quarterly ranking recognizes elite performers on the leading investment manager database in North America and is widely used by institutional asset managers and investors across our platform,” said Leno Toich, Managing Director of Informa Investment Solutions.
Azzad's PSN Top Guns products for the first quarter of 2017 include:
· Large cap growth strategy, Bull & Bear Master (large cap universe, US equity universe for 3-year period)
· Small cap growth strategy, 3 stars (top 10 in small cap growth universe for 3-year period)
· REIT strategy, 1 star (top 10 in REIT universe for the quarter)
Azzad oversees eight investment portfolios and two mutual funds. All potential investments are screened in accordance with the firm’s halal, socially responsible investing guidelines, which exclude companies whose business practices are deemed harmful to society or the environment.
PSN and Informa Investment Solutions have no affiliation with Azzad Asset Management, but rather evaluate investment managers’ performance on an objective basis.
Products in the Bull & Bear Master category Products must have an R-Squared of 0.80 or greater relative to the style benchmark for a three-year period. They must also have an upside market capture over 100 and a downside market capture less than 100 relative to the style benchmark. Products in the 1-star category were top ten performers within their respective universes, based on quarterly returns, and products in the 3-star category were top ten performers within their respective universes, based on returns for the three-year period.
Past performance does not guarantee future results. All investments carry risks, including possible loss of principal. The content of the Investment Manager Top Guns is intended for use by qualified investment professionals. Please consult with an investment professional before making any investment using content or implied content from any Investment Manager Top Guns. For the complete list of PSN Top Guns and an overview of the methodology behind the PSN Top Guns Rankings, please click here.
ABOUT AZZAD
Azzad Asset Management, a socially responsible registered investment advisor, is committed to providing investment services designed to help people enjoy optimum performance without compromising their values. Azzad believes that companies operating in ethical lines of business offer relatively less business risk and are in a better position to thrive in the long-term. The firm’s proprietary screening process allows the manager to prudently manage client assets in a manner consistent with their values.
Azzad is a member of the Forum for Sustainable and Responsible Investment, the Interfaith Center on Corporate Responsibility, and the Accounting and Auditing Organization for Islamic Financial Institutions.
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