Emirates NBD Asset Management wins 'Best Fixed Income Fund' and 'Best Real Estate Fund'

Press release
Published January 17th, 2016 - 09:08 GMT
Tariq Bin Hendi, Chief Executive Officer, Emirates NBD Asset Management
Tariq Bin Hendi, Chief Executive Officer, Emirates NBD Asset Management

Emirates NBD Asset Management Limited, the asset management business of Emirates NBD, a leading bank in the region, has won top honours for two of its in-house managed funds at the International Finance Magazine (IFM) UAE Awards 2015. The Emirates MENA Fixed Income Fund was awarded 'Best Fixed Income Fund UAE' and the Emirates Real Estate Fund was named 'Best Real Estate Fund UAE'.

Commenting on the awards,Tariq Bin Hendi, Chief Executive Officer, Emirates NBD Asset Management said: "We are delighted to have been recognised by IFM and the international investment community. These prestigious accolades reflect the professionalism and discerning expertise of our team, championing the exceptional returns we have delivered to our clients in the MENA and international markets."

The Emirates MENA Fixed Income Fund, led by Usman Ahmed, Head of Investments, Emirates NBD Asset Management, is a diversified portfolio comprising fixed income securities of varying maturities, cash deposits, and other ancillary instruments. The fund is designed to deliver high income return and capital growth, and is a recognised leader in fixed income funds in the region. It has achieved consistent return and capital growth since inception.

The Emirates Real Estate Fund, led by Tim Rose, Head of Real Estate, Emirates NBD Asset Management, is a Shari'a compliant open-ended portfolio which is structured with the objective of generating income and achieving capital appreciation in the medium-to-long term through a diverse range of income generating real estate assets in the UAE. The USD 416 million fund is the largest, and longest established, fund managed by Emirates NBD Asset Management. It has achieved 8% income return and capital appreciation in the past 12 months, and 50.4% income return and capital appreciation in the past four years.

The IFM Awards honour individuals and organisations in the international finance industry that herald the highest standards of innovation and performance. Winners are shortlisted using a combination of reader nominations and expert analysis, comprising internal and external research, together with an international jury.

Background Information

Emirates NBD

Emirates NBD, the leading banking group in the region, was formed on 19 June 1963, when H.H. Late Sheikh Rashid bin Saeed Al Maktoum signed the Charter of Incorporation of the National Bank of Dubai (NBD) which became the first National Bank established in Dubai and the United Arab Emirates (UAE). With the blessings of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, NBD merged with Emirates Bank International (EBI) on 06 March 2007, to form Emirates NBD, the largest banking group in the region by assets. On 16 October 2007, the shares of Emirates NBD were officially listed on the Dubai Financial Market (DFM). The merger between EBI and NBD to create Emirates NBD, became a regional consolidation blueprint for the banking and finance sector as it combined the second and fourth largest banks in the UAE to form a banking champion capable of delivering enhanced value across corporate, retail, private, Islamic and investment banking throughout the region.

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