Abdul Kadir Hussain, CEO Mashreq Capital
Mashreq Capital, the asset management arm of Mashreq, was upgraded by Moody’s investor services to Investment Manager Quality Assessment of MQ2 from MQ3. The assessment reflects Moody’s view of Mashreq Capital as having very good asset manager characteristics.
The rationale behind the upgrade as stated by Moody’s is the strong operational and financial support provided by Mashreq, a solid track record and exceptional investment performance relative to the benchmarks and significant growth in Assets under Management.
The assessment is further supported by solid and consistent investment performance achieved by Mashreq Capital’s funds relative to peers and benchmarks, culminating in a robust track record. Moody’s noted that company’s funds have shown strong risk-adjusted returns and have consistently met their risk-return objectives. The funds have outperformed both global and local benchmarks, as well as most of local peers. Moody’s views the company’s investment performance to be very strong and consistent with an MQ2 assessment.
Commenting on the upgrade, Abdul Kadir Hussain, CEO Mashreq Capital said: “We are very pleased with the upgrade to MQ2 which reaffirms Mashreq Capital’s capabilities, processes and exceptional track record in MENA equities and fixed income within the conventional and Islamic space. Driven by acknowledged research, disciplined investment process and active management we are committed to deliver superior performance for our clients consistently.
The quality assessments are expressed in a scale of MQ1 to MQ5 and incorporate Moody’s Investors Services’ all-rounded assessment of all investment management activities and include key factors such as the performance of product offerings, financial profiles and the entity’s performance of client servicing.