Bringing you live news and features since 2006 

Kayne Anderson Rudnick to manage strategy for Azzad Ethical Wrap Program


Azzad Asset Management, advisor to the Azzad Funds and sponsor of the Ethical Wrap Program, has signed an agreement with Kayne Anderson Rudnick Investment Management (KAR) to add the Los Angeles-based company to its line-up of money managers.

KAR serves as portfolio manager for the small-cap growth strategy in the Azzad Ethical Wrap Program effective 1 August.
The firm’s selection of KAR comes after an exhaustive due diligence and talent search process. Azzad ensures that all prospective managers agree to comply with their socially responsible Islamic investment process, in addition to confirming that they are able to meet strict performance and stock selection criteria. Azzad’s analysts back test and run their proprietary ISFA screening criteria on portfolios to gauge any potential impact on returns before entering into a business relationship. KAR both met and exceeded Azzad’s due diligence requirements for small-cap growth. 
Azzad says: “We are proud to include Kayne Anderson Rudnick in our line-up of world-class portfolio managers. Their experience, combined with a stellar investment process and solid team, give us every confidence that they will be a great fit for our wealth management clients. Today’s announcement shows our dedication to aligning Azzad Asset Management with some of Wall Street’s most reputable institutional investment managers to manage specific asset classes used in our portfolios. We look forward to working with them as we seek to deliver superior service and results for our clients.”

Latest News

News came last night from the US that the SEC has approved CBOE’s proposal to list and trade VanEck’s spot..
Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15 per cent increase in net..
European white label ETF platform, HANetf, has announced its total assets under management (AUM) has now exceeded USD4.31 billion...
New research from European ETF provider Tabula Investment Management shows investors are expecting improvements in ESG from the gold mining..

Related Articles

Timothy Rotolo, Range Funds
In 2023, Timothy Rotolo launched his business, Range Fund Holdings, the parent company for Range Indices and Range ETFs, followed...
Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by