The Spotlight - Edition 4 - December 2023

As we approach the end of the year, many of you will have thought about how well has your portfolio?performed throughout 2023, and what 2024 may bring.

With the growth in the global economy beating the lower expectations of 2023, it may result in investors seeking a more balanced portfolio of assets classes, replacing cash. Taking an active approach to managing portfolios will be key to outperforming benchmarks in 2024 – a theme recently highlighted by both BlackRock and Goldman Sachs.

In this month's article, we focus on why periodic assessment of your portfolio and its performance is crucial and how it is done.

?Check it out below and have a great read!

At Mnaara we are keen to give our community of Shariah-compliant investors access to top performing private funds without compromising their values. To view our private funds offering create a free account.*

A Year End Guide: Assessing Your Portfolio Performance

In this article, we delve into the importance of periodically evaluating your portfolio and its performance, especially at year end. We discuss what determines the right asset allocation and the stages investors should follow to assess a diversified portfolio: performance measurement, attribution and appraisal.

Although past performance is not necessarily reflective of future returns, there is much to learn from past experiences as it can lay the foundations for informed decision making.

Read Full Article?→

Market Updates

• BlackRock, Brookfield and TPG have teamed up with UAE-backed Lunate Capital in its $30bn climate change investment effort. Announced during COP28, it has been described as the largest ever climate change private investment vehicle and hopes to attract $250bn of investment by 2030.

• KWAP, the $38bn Malaysian public employee pension fund, has announced its plan to triple its private equity exposure by 2025 to 12%. Through the new scheme, Teras 5, which was started last year, KWAP has been committing double the annual average of prior years.

• TPG has sold its investment in Creative Art Agency,?the world’s leading entertainment and sports agency, generating an annual return exceeding 30%. Initially acquired through a continuation vehicle in 2021, the transaction highlights the success of such structures and the potential of a GP-led private equity secondary strategy.

• Blackstone has closed its real estate secondaries fund, Strategic Partners Real Estate VIII, raising $2.6bn. Earlier this year, it closed the largest ever secondaries fund at $25bn, emphasizing its substantial role in portfolio sales, continuation funds and co-investments.

Market Trends?

• JP Morgan’s 2024 outlook highlights that a higher-for-longer interest rates position poses a challenge to general market returns but allows opportunistic returns producers (termed alpha seekers), such as stock pickers and private equity managers, to shine. Refer to our previous article on Private Equity, which discusses performance during recovery periods.?

? ? ? ???Read Full Article?→

• Franklin Templeton is sharply boosting its private market exposure, with alternative assets rising to $255bn. The firm’s CEO sees that high-net-worth investors remain under allocated and their interest is strong as witnessed through wealth management platforms.

• Apollo Global Management anticipates that alternatives may surpass half of family offices' and wealthy retail investors' portfolios in the near-to-medium term.

This Month's Events

Wealth Management Transformation Summit

Over the past month, we attended the Wealth Management Transformation Summit in London. This is a leading digital transformation event that enabled us to gain greater insights into how digital innovation is transforming the industry.

The personalization of services via technology continues to take centre stage in the transformation of the wealth management space. A main catalyst that financial institutions are starting to acknowledge is “The Great Wealth Transfer” expected to take place soon. This shall completely reshuffle the private investors spectrum. For example, by 2025 it is anticipated that 60% of the UK’s wealth will be in the hands of women.

Indeed, at Mnaara we believe in empowering all consumers to invest with confidence and simplicity. We’re focused on using technology to provide our users with access to areas otherwise out of reach, whilst also attempting to inform and educate.

If you have not registered yet, create a free account to view our exclusive opportunities.*

*As with any investment, your capital is at risk. Don't invest unless you're prepared to lose all the money you invest.