Saturna Capital White Papers

  • September 2021 · 2021 Impact Report
    White Papers, Saturna Sustainable Funds - 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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  • December 2020 · Islamic Investing 2.0: The Way Forward
    From the Yardarm, Saturna Capital - December 2020

    Traditional Islamic-compliant mutual funds have served Muslim investors well in the four decades since the first was launched in Malaysia. By fostering partnership in shared risk and reward (musharaka), and by allowing investors to diversify their assets while avoiding haram activities — typically alcohol, tobacco, gaming, financial services, pork processing, and pornography.

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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. 

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  • 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. 

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  • November 2019 · Green Sukuk: A New Legacy for Green Sprouts?
    Saturna Capital, White Papers - November 2019

    Green bonds are earning creditability within the fixed-income community as viable instruments that combine the dual objectives of investment returns and environmental and climate mitigation. At the end of 2018, total green bond issuance came in at US $167.3 billion, an increase of 3.2% from the $162.1 billion issued the year prior, and 105% more than 2016’s total issuance of $81.6 billion, reflecting a three-year compound annual growth rate of 57.0%.

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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.