Emirates NBD Asset Management Limited, the asset management arm of Emirates NBD, the leading bank in the region, announced today that it received the award for ‘UAE Asset Manager of the Year’ at the 2013 MENA Fund Manager awards. In addition, the Emirates MENA Fixed Income Fund, managed by Emirates NBD Asset Management was named ‘Fixed Income Fund of the Year’ at the prestigious ceremony.
The winners were selected by a panel of judges comprising of representatives from MENA Fund Manager, leading institutional and private investors, and industry experts. The entries were judged on performance as well as qualitative and structural criteria, with the winners announced at a recent gala dinner attended by top industry players.
"We are proud to receive this important award, which recognises our standing as the UAE’s leading asset management company," said David Marshall, Senior Executive Officer, Emirates NBD Asset Management. "Today’s announcement is a reflection of our strong commitment to deliver superior products to our investors, through our disciplined research-driven approach to fund management. Our team is one of the most experienced in the Middle East, and as such we have been pioneers in helping to develop the asset management industry in the region.”
The Emirates MENA Fixed Income Fund is a US Dollar-denominated, daily traded, open-ended fund that invests in a diversified portfolio of fixed income securities, issued by governments and companies regionally. The primary investment objective of the fund is to achieve high income as well as capital growth, with the fund returning 15.23% for the full year 2012. A dividend of 5% was announced for the full year 2012 for the income share classes of the fund.
“Winning an award is always a very positive reinforcement of our abilities and performance. These awards are additional feathers in our cap that will help increase the confidence of both retail and institutional investors, as well as insurance companies who will look to include our funds in their investment plans and platforms,” added Marshall.
This is the second time Emirates NBD Asset Management has been recognised for its MENA asset management capabilities by MENA FM, with the Emirates Global Sukuk Fund having been named the ‘Specialist Fund of the Year’ by MENA Fund Manager in January 2012.
The recent accolade follows several other top honours recently awarded to Emirates NBD Asset Management. Last year, Emirates NBD Asset Management was named ‘MENA Sukuk Manager of the Year’ & ‘UAE Asset Manager of the Year’ at the 2012 Global Investor/ISF Middle East Awards. It was also awarded ‘MENA Sukuk Manager of the Year’ at the 2012 Global Investor/ISF Investment Excellence Awards, and named the ‘Best Islamic Wealth Management Services Provider’ at the 2012 London Sukuk Summit awards. In addition, the firm was declaredthe ‘Best Asset Management Company’ at the 2012 Arab Achievement awards.
