FALLS CHURCH, VA--(Marketwired - August 18, 2016) - Azzad Asset Management today announced that it has been recognized with Top Guns status by Informa Investment Solutions' PSN manager database. Four of the firm's strategies were among the top 10 performers within one or more 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 second quarter 2016 include:
- Large cap growth strategy, 5 stars (top 10 in large cap growth universe)
- Small cap growth strategy, 2 stars (top 10 in small cap growth universe)
- Small cap value strategy, 2 stars (top 10 in small cap value universe)
- REIT strategy, 2 stars (top 10 in REIT universe)
- REIT strategy, 3 stars (top 10 in REIT universe)
- REIT strategy, 2 stars (top 10 in US equity universe)
Products in the 1-star category were top ten performers within their respective universes, based on quarterly returns; products in the 2-star category were top ten performers within their respective universes, based on returns for the one-year period; and products in the 3-star category were top ten performers within their respective universes, based on returns for the three-year period. Products in the 4- and 5-star categories must have an R-squared of 0.80 or greater relative to the style benchmark for the relevant period.
In June, Azzad was named to the FT 300, a list of the top 300 investment advisers in the U.S., by the Financial Times.
See: Financial Times Names Azzad Asset Management a Top Registered Investment Adviser for 2016 (HTML)
Azzad oversees seven investment portfolios and two mutual funds. All potential investments are screened in accordance with the firm's 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.
Past performance does not guarantee future results. All investments carry risks, including possible loss of principal.
Azzad Asset Management, investment advisor to the Azzad Funds, 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. Based outside Washington, D.C., the firm is a registered investment advisor with the U.S. Securities and Exchange Commission.
FT 300 Disclosure
The 2016 Financial Times 300 Top Registered Investment Advisers is an independent listing produced by the Financial Times (June 2016). The FT 300 is based on data gathered from RIA firms, regulatory disclosures, and the FT's research. As identified by the FT, the listing reflected each practice's performance in six primary areas, including assets under management, asset growth, compliance record, years in existence, credentials and accessibility. Neither the RIA firms nor their employees pay a fee to the Financial Times in exchange for inclusion in the FT 300.