Daman Investments PSC, the leading Dubai-based investment management company, has announced the performance results of three of its funds:- Daman Speculator Fund, the Daman Second Emirates Fund, and the Daman Islamic Fund, for the month of December 2008. The newest Daman offering, the Daman Speculator Fund, launched in July 1, 2008, has presented a noteworthy performance in comparison with today’s volatile markets, posting positive total returns of 4.26% including a second dividend distribution since inception.
DAMAN SPECULATOR FUND DISTRIBUTES AED 0.50 PER UNIT IN DIVIDENDS
The Daman Speculator Fund has declared AED 0.50 per unit as dividends, the annualized dividend yield for 2008 stands at 3.50%. Since inception the fund has distributed total dividends of AED1.50 per unit.
The Fund has closed the month at an ex-dividend Net Asset Value (NAV) of AED 102.76 per unit as of December 31, 2008, a month to date decline of 1.15%. Since its inception in August 2008, the Daman Speculator fund has outperformed the index month on month.
During 2008, the Fund ended on a positive note with total returns of 4.26% as against a broader market decline of over 57%.
When asked about the unusual positive performance of the fund which is currently contrary to local trends, Mr. Shehab Gargash CEO of Daman said: “Although the market situation is still volatile, we believe that the Speculator Fund performance indicates that it is a good time to go back into the market for early opportunities. He continued: The Daman Speculator fund is an opportunistic fund exactly designed for turbulent times like these”
DAMAN SECOND EMIRATES FUND CLOSES THE YEAR 2008 AT AED 43.39 PER UNIT
The Daman Second Emirates Fund, a UAE-registered open-ended fund regulated by the United Arab Emirates Central Bank and focused on the UAE equity markets, closed the month of December at a Net Asset Value (NAV) of AED 43.39 per unit.
For the month of December, the Fund recorded a decline of 18.00%, as against the NBAD General Index drop of 14.78%. Since inception, the Fund has paid total dividends of AED 5.00 per unit and its annualised dividend yield currently stands at 9.21%, above the year to date benchmark NBAD General Index yield of 4.30%).
DAMAN ISLAMIC FUND ENDS YEAR WITH A NET ASSET VALUE OF AED 42.35 PER UNIT
The Daman Islamic Fund, a Shari’ah principle based, UAE-registered open-ended mutual fund closed the month of December at a Net Asset Value (NAV) of AED 42.35 per unit as of December 31, 2008, posting a month to date decline of 13.00%. While recording a decline at its close for the month of December, the fund performed favourably compared to the NBAD Islamic Index drop of 17.75% for the corresponding period.
The Fund has declared total dividends of AED 3.75 per unit since inception, and has reported an annualised dividend yield of 9.44% for 2008 well over the benchmark NBAD Islamic Index yield of 1.13% for this year.
//ENDS
Vestas enters 2009 with two landmark CNN International sponsorships
• CNN.com Live/Facebook US presidential inauguration initiative
• CNN International’s coverage of the World Economic Forum in Davos
The world’s largest wind energy company Vestas Wind Systems A/S begins its 2009 commercial association with CNN International with an online sponsorship of the network’s exclusive collaboration with Facebook around next week’s historic US Presidential Inauguration on 20th January. In a crucially important month for world news, the sustainable energy giant will also reap the benefits of increased brand exposure with online advertising around CNN.com/international’s coverage of the World Economic Forum in Davos from 28th-30th January.
“We’re delighted to be able to offer Vestas this premium branding opportunity at a time when traffic is expect to spike and when our online audience’s appetite for our compelling coverage of world events has never been greater”, says Max Raven, SVP Advertising Sales, CNN International.
In CNN’s most extensive collaboration with Facebook to date, on 20th January, users can update their own Facebook status directly from the CNN.com Live player, watch CNN’s live video coverage of the presidential inauguration and receive status updates from other Facebook users logged on via CNN.com Live. Vestas video-pre-roll advertising will run within the live player, giving the brand a unique opportunity to target millions of users across Europe, the Middle East, Asia Pacific and Latin America on a day when users will be engaged like never before.
Kasper J, Granat, Global Branding Manager, Vestas Wind Systems comments, “Vestas is always pushing the boundaries with our technology, but also how we engage with our stakeholders. We are therefore thrilled to be part of these unique media concepts. The context is highly relevant for us and our offering of modern energy, which has proven to not only be good for the environment, but also good for the economy.”
Capitalising on the network’s extensive pre-inauguration coverage, Vestas will run banner advertisements across CNN.com’s homepage from January 19th and will continue their advertising through 21st January in order to target users logging on for post-inauguration commentary. The Vestas banner advertising will be visible to CNN.com users worldwide.
Vestas advertising will assume one hundred percent share of voice across www.cnn.com/international, targeted to users in Europe on the 28th and 30th January as CNN provides live daily coverage from its top business presenters on location at the World Economic Forum in Davos.
Vestas advertising will also be associated with ‘Dear Davos’, one of CNN International’s most ambitious audience initiatives yet where online and TV viewers are invited to contribute their thoughts and opinion on the event and the themes it raises. By writing in to deardavos@cnn.com viewers have the opportunity to contribute to CNN’s coverage, with comment included in live reporting from CNN’s Charles Hodson and Richard Quest throughout the week. In addition, CNN will offer all the latest news and analysis from the event as well as behind-the-scene images and blogs from CNN business correspondents at www.cnn.com/davos.
ABOUT CNN INTERNATIONAL
CNN International continues to be the international news channel of choice for reaching the European elite, leading all international news channels in monthly reach (EMS Select 2008), and is also market leader for combined TV and online monthly reach, confirming its position as the channel that best reaches the ‘upscale global citizen’ in the digital age. Overall lead in EMS Select positions CNN as #1 television vehicle for advertisers seeking to reach frequent business travellers and business decision makers.
Vestas – No. 1 in Modern Energy
All over the world, people must prepare to use new forms of energy. The sharp rise in energy consumption calls for a sustainable resource that does not create more greenhouse gases, pollution or waste for future generations. Wind power is a renewable, predictable and clean source of energy. Substantial capacity can be built up quickly, offering the energy independence demanded by the world's largest and fastest-growing economies. This is why we call wind power, modern energy. With a 23 per cent market share in 2007, Vestas is the world’s leading supplier of modern energy solutions. We have installed more than 35,000 wind turbines in 63 countries on five continents. We install an average of one wind turbine every four hours around the clock. In 2007 our wind turbines generated more than 60 million MWh – or enough electricity to supply millions of households. These are some of the reasons why Vestas is No. 1 in Modern Energy.
