Saturna Capital White Papers

  • June 2022 · Beneath the Waves: An Overview of Saturna Capital's Sustainable Fixed-Income Investment Process
    Saturna Capital, White Papers - June 2022

    In this article, we provide investors with an overview of Saturna Capital's sustainable fixed-income investment process. We aim to help elevate investors' awareness of how we explicitly integrate environmental, social, and governance (ESG) considerations into our investment approach of constructing globally diversified fixed-income portfolios.

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  • June 2022 · The Case for Global Bonds, 2nd Edition
    Saturna Capital, White Papers - June 2022

    When combined with environmental, social, and governance (ESG) integration, a global bond strategy can be on the cutting edge of sustainable finance by investing in companies and sovereign nations that embrace increasingly better policies and provide unique opportunities for positive impact. With the whole world to choose from, the discussion of global debt cannot be separated from the discussion of sustainability — climate-related risks, water, and carbon emissions are all factors to consider.

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  • April 2022 · GCC Sukuk: A Primer, 2nd Edition
    Saturna Capital, White Papers - April 2022

    This 2nd edition GCC Sukuk Primer provides an overview of the investment landscape and characteristics of Islamic-compliant investment certificates, commonly referred to as sukuk, a market niche that continues to evolve. We will cover the risk and return attributes of sukuk and explore their relationship to changes in the price of oil, since hydrocarbons largely drive sukuk issuers’ economies.

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  • January 2022 · ESG Ratings & Sovereign Sustainability Scores: Are Environmental Signals Being Missed?
    Saturna Capital, White Papers - January 2022

    In this article we examine how effectively ESG ratings firms assess sovereign ESG factors, especially concerning the environment. We will discuss climate initiatives formed by the United Nations, and examine how sustainability regulations and investors’ behavioral biases are potentially increasing risk rather than reducing it.

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  • November 2021 · Behind the Scenes: A Closer Look at the Amana Participation Fund Investment Process
    Saturna Capital, White Papers - November 2021

    In this informational article, we answer seven commonly asked questions about the Amana Participation Fund's investment process.

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  • September 2021 · 2021 Impact Report
    Saturna Capital, White Papers - September 2021

    Saturna's portfolio managers are thoughtful about how we construct our portfolios and how we incorporate the United Nation's Sustainable Development Goals. Through our analysis of SDG reporting, a clear picture emerged of which goals are popular, which are more difficult, and which tend to be unsupported.

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  • June 2021 · The Case for Global Bonds
    Saturna Capital, White Papers - June 2021

    Current market trends point to emerging economies experiencing a higher rate of economic growth and a greater presence in the global markets which ultimately means a larger contributing role in investors’ portfolios. Despite a majority of the world’s population living in emerging market countries, they currently comprise only 16% of the global bond market. Several of these economies may overtake developed economies in size over the next 30 years. As investors, the flexibility to invest in these regions will be key to value creation in bond portfolios.

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  • April 2021 · Defending Against a Declining Dollar
    Saturna Capital, White Papers - April 2021

    Does the modest price decline of the US dollar during the fourth quarter of 2020 foretell of more to come? The market has a nickname for an investor who believes the dollar will decline: a US dollar bear.  Will the US dollar bear emerge from hibernation in the coming spring and summer, or should we expect it to continue its slumber?

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  • July 2020 · Beyond Bonds: Are Gulf-Region Sukuk the Ultimate Asset Allocation Tools?
    From the Yardarm, Saturna Capital - July 2020

    This primer provides an overview of the investment landscape and characteristics of sharia-compliant investment certificates, referred to as sukuk, as a market niche that continues to evolve.  We cover the risk and return attributes of sukuk and explore their relationship to changes in the price of oil; an important point to consider since hydrocarbons largely drive sukuk issuers’ economies. 

    Continue reading . . .
     
  • June 2020 · GCC Sukuk: A Primer
    Saturna Capital, White Papers - June 2020

    This primer provides an overview of the investment landscape and characteristics of sharia-compliant investment certificates, referred to as sukuk, as a market niche that continues to evolve.  We cover the risk and return attributes of sukuk and explore their relationship to changes in the price of oil; an important point to consider since hydrocarbons largely drive sukuk issuers’ economies. 

    Continue reading . . .
     

These reports should not be considered as providing investment advice or services, or any service offered by Saturna. Saturna may not have taken any steps to ensure that the securities referred to in these reports are suitable for any particular investor. Saturna will not treat recipients as its customers by virtue of their reading or receiving the reports.

Performance data quoted represents past performance which is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Standardized returns current to the most recent month-end can be obtained by visiting Month-end Performance.