Dubai PR Network, Online Press Release from Dubai and Middle East
 
Banking & Insurance(Banking & Investments)
Filter PR by
  
Emirates NBD Asset Management's flagship equities offering, Emirates MENA Top Companies fund, reaches 10-year milestone
 
  • The fund has outperformed its benchmark in each of the 10 years since inception, generating a total outperformance of over 43% since 2007
  • The fund has consistently been ranked in the top quartile of performers in the Morningstar Africa and Middle East Peer Group for the past 5 years 
  • Outlook for the asset class and fund is bright, with Saudi Arabia’s likely inclusion in the FTSE Russell and MSCI emerging markets indices in the first half of 2018
Dubai, United Arab Emirates; 24 October 2017:  The Morningstar rated flagship equities fund of Emirates NBD Asset Management, Emirates MENA Top Companies Fund, has reached its 10th anniversary. The four star rated fund has demonstrated consistently strong performance against its benchmark, the S&P Pan Arab Index, while exhibiting remarkably low volatility compared to its peer group. The fund’s strong performance has placed it in the top quartile of its peers on a risk-adjusted basis. 
 
Five years ending
September 2017
Cumulative
return
Annualized
return
Annualized
standard
deviation
Sharpe
Ratio
Emirates MENA
Top Companies Fund
P Share Class
40.56 7.05 14.48 0.47
Percentile 25 36.48 6.42 14.10 0.42
Percentile 50 29.82 5.36 14.69 0.35
Percentile 75 14.25 2.70 15.10 0.19
Salman Bajwa, Senior Executive Officer of Emirates NBD Asset Management, commented: 
 
“Exciting changes lie ahead for the region in the next twelve to eighteen months. Catalysts like the strong IPO pipeline in the UAE and the likely inclusion of Saudi Arabia in the FTSE Russell and MSCI emerging markets indices in 2018, auger well for regional equity markets. Post any Saudi MSCI inclusion the GCC as a region could command a weighting of 4% - 5% in the index, equivalent in size to Mexico, Russia, Hong Kong and South Africa. Attention of foreign investors is likely to remain on the region with several high profile Saudi IPOs from the second half of 2018 onwards, and we are already in discussions with our clients to position them to take advantage of these potential opportunities.” 
 
Yong Wei Lee, Head of MENA Equities, Emirates NBD Asset Management, added: 
 
“The underpinning of the Fund’s  stellar performance has been the consistent and disciplined approach to stock selection of our highly experienced portfolio management team.  Our team of analysts carry out in-depth analyses of company financials, followed up with qualitative field work by company and management visits, to arrive at their recommendations. The overlay of a robust risk management framework ensures we achieve healthy returns without taking excessive risks on our client portfolios.” 
 
A key part of Emirates NBD Asset Management’s success has been its development of a wide range of products and a diversified portfolio of global funds, designed to support a number of targeted emerging markets. Emirates NBD Asset Management also established partnerships with other first-class organizations during this period, for example Jupiter Asset Management and UTI International. The first fund from the partnership with UTI International is the Emirates Islamic India Equity Fund. This is a crucial part of Emirates NBD Asset Management’s long-term strategy to establish relationships with global partners, to help develop its in-house product range and unlock additional emerging market opportunities. 


Posted by : Dubai PR Network Editorial Team
Viewed 10315 times
PR Category : Banking & Investments
Posted on : Tuesday, October 24, 2017  12:28:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Apple Pay – Now Made Possible for Mashreq's Customers
Next Story : LH-CRYPTO: Crypto-Version of a Forex Broker Larson&Holz is L...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Global brands with lowest cost at Karama Ware house sale from this Thursday [30616-Views]
Glam's Makeup Launches in the Middle East [17001-Views]
Review: Facial with Dr Renaud's range at Nazih [16372-Views]
Glasshouse Collection from Olivia Burton [15342-Views]
Hour Choice presents Coach New York Collection [12658-Views]
Prevention, Not Cure: Kaya's ‘Hair Strength Therapies' Set to Rid the Gulf of its Hair Pro... [12438-Views]
Matthew Fitzpatrick Wins the 2018 Omega European Masters [11157-Views]
Executive Tourbillon Free Wheel [11053-Views]
Introducing New Make-up From Rodial That You Need In Your Kit [10828-Views]
Australia's Number No.1 Natural Skincare Brand* Partners With Jessica Kahawaty [10559-Views]
Rado reimagines a bold 1960s classic for the 21st Century [8705-Views]
Scuderia Ferrari presents Fall winter collection [8564-Views]
Kate Spade New York Presents Debut Collection From Creative Director Nicola Glass at the ... [7784-Views]
Introducing VK Beauty Lounge & Bar [7430-Views]
Alina Anwar Couture Launches in UAE [7033-Views]
Introducing Home Fragrance at Robinsons, Dubai Festival City [6917-Views]
Rolls-Royce Motor Cars Takes the Luxury of Privacy to a New Level [6490-Views]
Tata Communications Strengthens Cyber Defence in the Middle East with the Launch of its Cy... [6472-Views]
British Classics Make a Comeback in Jack Wills AW18 Collections [6393-Views]
Facebook Launches Community Help on Facebook Lite [6381-Views]
Bring a Touch of Sophistication to Your Home with The Exclusive SmegXDolce&Gabbana Collect... [5984-Views]
Dubai Culture Organises ‘Writing Literature Novels and Editing them as Play Scripts' as pa... [5905-Views]
NARS Erdem SS19 Beauty Report [5679-Views]
Roberto Cavalli's Exclusive Duo of Fragrances [5557-Views]
Defying Age With Skin Republic's Gold and Platinum Face Masks [5313-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories