Emirates NBD Asset Management Limited (Emirates NBD AM), the asset management arm of Emirates NBD, reported today that its assets under management (AuM) has crossed the AED10bn mark as of September 30, 2014, at 10.2bn.
This represents growth of 100 per cent in little more than two years as the company posts an impressive track record of managing a range of asset classes, not only in the region, but also globally.
The firm has also recently strengthened its fund range with the introduction of eight new funds under the Emirates NBD SICAV platform targeting investors outside the UAE as well as locally. These new funds complement the existing product range based in both Luxembourg and Jersey.
“Crossing AED10 billion AuM is a significant milestone for Emirates NBD Asset Management, which has delivered an outstanding performance this year,” said David Marshall, Senior Executive Officer, Emirates NBD Asset Management. “In addition to our in-house managed, research-centered approach to fund management, the impressive rise in AuM is also driven by a remarkably strong investor base from both regional and global markets.
“As we continue to fulfil our growth strategy with a well-diversified portfolio of products that tap into the region’s growth opportunities, I am optimistic that Emirates NBD AM will retain its market leadership position whilst setting new benchmarks for the industry,” added Marshall.
Emirates NBD AM currently has a 50-50 split between public funds and tailor-made portfolios, reflecting the firm’s ability to offer well-diversified investment solutions to a broadened investor base. For example, the firm’s Emerging Market Corporate Absolute Return Bond Fund launched last year has seen excellent returns as it marked its first year anniversary, boasting a fund size of over US$65 million as at 30th September 2014, while several other funds now have a ten-year track record, with numerous external awards for the managers across all desks.
Emirates NBD AM, regulated by the Dubai Financial Services Authority (DFSA), is a leading asset manager in the Middle East region, and provides a full range of investment solutions including, in-house managed MENA equity and fixed income funds and portfolios, UAE real estate, and global risk profiled funds, both in a conventional as well as Shari’a compliant format. The firm’s public funds are domiciled in Jersey and Luxembourg and regulated accordingly.