Alan Durrant, Chief Investment Officer at NBAD’s Asset Management Group, holding the award
The National Bank of Abu Dhabi’s NBAD OneShare Dow Jones UAE 25 ETF has been named the Best Investment Product in the prestigious Banker Middle East Products Award 2011 sponsored by Banker Middle East magazine.
NBAD OneShare was voted the Best Investment Product by the Bank’s peers, beating more than half a dozen other products nominated for this award.
NBAD OneShare, launched in March 2010 by NBAD, the Number One Bank in the UAE, made history by being the Gulf region’s first exchange-traded fund (ETF).
“The National Bank of Abu Dhabi has a proud history of delivering best in class investment products and this award for one of NBAD’s groundbreaking products confirmed again that our investment businesses continue to be recognised as the market leader,” says Rudiger von Wedel, the Senior General Manager of Global Wealth at NBAD. “The National Bank of Abu Dhabi is totally committed to offering our customers products that are built to international standards with a local flavour and NBAD OneShare is an example of it.”
As an ETF, NBAD OneShare, traded on the Abu Dhabi Securities Exchange under the ticker symbol 1UAE, offers investors the opportunity to buy shares in the Fund like any other share. The Fund follows the performance of the ‘Dow Jones UAE 25 Total Return Index’ and provides investors with exposure to 25 blue-chip companies from across the UAE. The Fund was designed by the Bank’s Asset Management Group (AMG).
“NBAD OneShare was the product of meticulous planning by the AMG team to assure that we offer something that stands out not only as the region’s first ETF but as a truly outstanding product,” says Alan Durrant, the Chief Investment Officer at NBAD’s Asset Management Group. “We are delighted to have won such a prestigious award. The competition was especially stiff in this category. Many of the major international and regional banks were vying for this award and to win it was made all the more special as the judging was done by the votes of our peers."
NBAD OneShare Seeks to provide long term capital appreciation through the replication of the performance of Dow Jones UAE Total Return Index. It gives investors the opportunity to gain real time, cost-effective exposure to a broad basket of UAE shares. It has the diversification benefits of a mutual fund and the instant liquidity of a share.
“NBAD OneShare was tailored to present local investors with an efficient way of gaining broad market exposure and to offer international investors an ideal means to access the exciting opportunities available in our local companies,” Mr. Durrant says.