Emirates NBD Asset Management strengthens Emirates NBD SICAV platform with launch of eight new funds'

2 Min | 13 October 2014

Launch of UCITS compliant sub-funds offers investors an internationally recognized platform

Dubai, October 12, 2014: Emirates NBD Asset Management Limited (Emirates NBD AM"), the asset management arm of Emirates NBD, a leading bank in the region, announced today the launch of eight new funds under the Emirates NBD SICAV platform in Luxembourg.

The newly launched funds are open to investors within and outside the UAE, in line with the company's global growth strategy and its delivery of investment products to regional and international distribution channels. The eight funds are Luxembourg domiciled and UCITS (Undertakings for Collective Investments in Transferable Securities) compliant. This new SICAV fund range complements the existing Jersey domiciled fund range managed by Emirates NBD AM.

The launch of the new funds strengthens the Emirates NBD SICAV platform to 10 sub-funds, which earlier included Emirates Emerging Market Corporate Absolute Return Fund and Emirates Global Quarterly Income Fund. The new additions to the Emirates NBD SICAV platform include: Emirates Active Managed Fund; Emirates Balanced Managed Fund; Emirates Islamic Global Balanced Fund; Emirates MENA Fixed Income Fund; Emirates Global Sukuk Fund; Emirates MENA Top Companies Fund; Emirates MENA Opportunities Fund and Emirates MENA High Income Fund.

The new UCITs compliant funds are designed to broaden the firm's investor base, allowing a wider range of investors to invest in funds under the UCITs scheme. Actively managed in order to maximize returns through a diversified portfolio, while minimising risk, the SICAV funds operate within a highly regulated framework, established in a globally recognised jurisdiction. Emirates NBD is seeking approval from the Emirates Securities and Commodities Authority (ESCA) for the funds to be distributed in the UAE.

Commenting on the successful launch, David Marshall, Senior Executive Officer, Emirates NBD AM, said: "The introduction of these new funds under the SICAV structure offers an excellent value proposition for our clients, providing access to products managed by our award-winning fund management team under a globally recognized umbrella. The new funds are open to relevant investors outside the UAE as well as locally, in keeping with our ongoing growth strategy. The new range of funds leverage the long standing expertise of Emirates NBD AM's investment team, with its impressive track record of managing a range of asset classes both regionally and globally."

The newly launched funds will mirror the strategy of a number of the existing Jersey range of funds managed by Emirates NBD AM, which continue to demonstrate strong performance both on an absolute and relative basis.

Reinforcing the soundness of its investment process, Emirates NBD AM was awarded the "Best Investment Management Company 2014, UAE" at the World Finance Investment Management Awards 2014 held recently in London, as well as Best Regional Fund Manager at the Banker Middle East Industry Awards. It also received a number of regional awards at the MENA Fund Manager Performance Awards 2014, including: UAE Asset Manager of the Year; MENA Equity Fund of the Year and Balanced Fund of the Year.

Emirates NBD Asset Management, regulated by the Dubai Financial Services Authority (DFSA), is a leading asset manager in the Middle East region, and manages a range of products including MENA equity and fixed income funds and portfolios, UAE real estate, global risk profiled funds and a complete range of Shari'a compliant instruments.

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