Enigma TCG Investment Managers Ltd is a regulated financial firm, operating under the oversight of the Financial Services Commission (FSC) Mauritius. The company is collectively owned by shareholders from TIW Capital Group (TCG) and Enigma Strategy, combining the expertise and strategic vision of these entities. This ownership structure enables Enigma TCG Investment Managers Ltd to leverage the strengths and resources of both TCG and Enigma Strategy, providing a robust foundation for delivering comprehensive investment management services to its clients while adhering to strict regulatory standards.  

EN TCG Incorporated VCC Sub-Fund refers to a specific investment vehicle structured as a sub-fund under a Variable Capital Company (VCC) framework. TCG Global Funds VCC is the main investment fund structured as a Variable Capital Company (VCC), which is a flexible corporate entity designed specifically for managing multiple investment sub-funds under a single umbrella. As the primary VCC, TCG Global Funds VCC serves as the overarching entity that houses  EN TCG Incorporated VCC Sub-Fund, TCG Global Funds VCC serves as a Shariah focused investment fund. 

The performance figures refer to the net asset value (NAV) and are based on simulated past performance and do not reflect the actual past performance of this fund. Please note that simulated past performance is not a reliable indicator of future results, and actual performance may vary significantly.

Shariah compliance means that the VCC sub-fund adheres to Islamic principles in its investment practices. This involves avoiding investments in prohibited industries (such as alcohol, gambling, and pork), engaging in ethical business practices, and ensuring that financial transactions do not involve interest (riba).

The VCC sub-fund is guided by a Shariah Advisory Board or a panel of Shariah scholars who review and approve the investment strategy, screening process, and ongoing operations. Regular audits are conducted to ensure that all activities and investments remain in compliance with Shariah principles.

The VCC sub-fund will invest in a diversified portfolio of Shariah-compliant equities. All investments will be screened to ensure they meet the criteria set by the Shariah Advisory Board.

The investment strategy focuses on ethical and socially responsible investing, avoiding interest-bearing securities, and ensuring that all transactions are transparent and fair. The strategy is designed to achieve competitive returns while adhering to Islamic ethical guidelines.

The minimum investment amount is: £100,000

While past performance is not indicative of future results, the sub-fund aims to deliver competitive returns consistent with its Shariah-compliant investment strategy. The specific return objectives will be outlined in the fund’s fact sheet.

Yes, non-Muslim investors are welcome to invest in the Shariah-compliant VCC sub-fund. The fund’s ethical and socially responsible investment approach may appeal to a broad range of investors, regardless of their religious background.

Dividends and profits generated by the fund are distributed in a manner consistent with Shariah principles. 

The risk profile will depend on the specific asset allocation and investment strategy employed by the fund. The prospectus will outline the key risks, which could include market risk, liquidity risk, and specific risks related to Shariah-compliant investments.

Fees, including management fees, performance fees, and other expenses, are detailed in the fund’s fact sheet. These fees will be competitive and transparent, in line with industry standards.

The fund’s performance is typically reported on a quarterly basis, with detailed reports provided to investors. Additionally, investors may have access to more frequent updates through online portals or investor communications.

Zakat is a personal obligation for Muslim investors. The fund itself does not calculate or distribute zakat, but investors may choose to calculate zakat on their investment in the fund based on their share of the underlying assets.

The redemption process, including notice periods, settlement times, and any applicable fees, will be detailed in the fund’s fact sheet. Investors can typically redeem their investments according to the terms specified in the offering documents.

The main difference lies in the adherence to Shariah principles, which prohibit certain types of investments and ensure that all financial transactions are conducted ethically. This results in a focus on socially responsible investing and a commitment to avoiding interest-based earnings.

Enigma Strategy serves as the UK-regulated entity responsible for marketing and distributing the fund, while Enigma TCG acts as the fund’s investment manager which is regulated in Mauritius as a Collective Investment Scheme Manager (CIS Manager), which is more commonly known in the United Kingdom as an Alternative Investment Fund Manager (AIFM).

Non-Mainstream Pooled Investments (NMPIs) are pooled investments or funds, which are characterised by unusual, speculative or complex assets, product structures, investment strategies and/or terms and features. NMPIs are a pooled investment vehicleandare generally regarded as high-risk products that often invest in assets which are typically not traded in established markets and which are therefore difficult to value and may be highly illiquid. The investments are often complex and difficult to understand, and performance information may be unavailable or unreliable. NMPI’s may invest in one or more volatile assets, such as property, emerging market stocks, renewable energy or fine wine, and therefore the risk of an investor losing all or part of their money are much higher than other investment types such as Collective Investment Schemes (CIS).

A NMPI encompasses:

• Units in an Unregulated Collective Investment Scheme (UCIS)
• Units in a Qualified Investor Scheme (QIS)
• Securities issued by special purpose vehicles (SPVs) (other than excluded securities)
• Traded life policy investments (TLPIs), and
• Rights to or interests in investments in any of the above.

NMPIs are unlikely to be suitable for the average or ordinary retail investor; they are more likely to be appropriate for professional or institutional investors and to those retail clients who are sophisticated investors, and have significant investment experience of investing in these types of investments, and understand all the associated risks.

Risks

• High risk and illiquid.
• A client investing in a NMPI could lose some or all their investment.
• Unlike regulated CIS, NMPI may not be subject to investment and borrowing restrictions aimed at ensuring a prudent spread of risk, therefore the risk of a total or partial loss of capital is much higher. As a result, they are generally considered to be
• a high-risk investment and you should always ensure that you understand the risks before investing.
• You may not be covered by the Financial Ombudsman Service (FOS), should you have a complaint about the fund, or the Financial Services Compensation Scheme (FSCS) should you need to seek compensation.
• Some investments do not have cancellation rights.