Emirates NBD Asset Management Limited, a wholly owned subsidiary and the asset management arm of Emirates NBD, a leading bank in the Middle East, announced today that it had been named the region’s “Best Fund Management Company,” at the annual Arab Achievement Awards 2011. The award ceremony was held in Abu Dhabi alongside the Arab Investment Summit 2011.
In just over four years, Emirates NBD Asset Management has grown exponentially and is considered among the largest asset managers in the UAE today, managing one of the largest ranges of public mutual funds. With over AED 4.5 billion (US$1.2 billion) of assets under management, the company currently manages 13 different funds across a range of asset classes. These include its MENA equity and fixed income funds, global risk profiled funds and a complete suite of Shari’a compliant vehicles. Five of Emirates NBD Asset Management funds are currently rated “A” by Standard & Poors.
“We are delighted to receive the award for Best Fund Management Company, which demonstrates the success of our investment philosophy that has produced superior returns and satisfied clients,” said Deon Vernooy, Senior Executive Officer, Emirates NBD Asset Management. “This award is testament to the strength of our highly-skilled team, with over forty financial specialists from fifteen different countries, bringing together a wide range of expertise from major international markets.”
“Our investment strategies are strongly research-driven and value focused,” he continued. “We believe our success comes from strategic asset allocation, driven by a combination of rigorous quantitative testing and professional qualitative assessment, which leads to the optimal balance between risk and return.”
As a specialist investment manager with expertise in Arabian and global mandates, Emirates NBD Asset Management offers exposure for investors, to regional and global markets. International channels and partnerships, including life insurance platforms and financial intermediaries, also provide access to the Emirates NBD Asset Management funds globally.
The Arab Achievement Awards, which recognise the excellence of companies and institutions in diverse sectors, have become an integral part of the regional business calendar, celebrating the remarkable achievements that have shown exceptional vision, talent and creativity in the Arab region. Award winners include companies and institutions that own, manage and create projects that have had a significant impact on the development and enhancement of the Arab region.
Emirates NBD Asset Management has been regularly nominated for various awards. Its MENA Opportunities Fund was nominated for the Balanced Fund of the Year award at the MENA Fund Manager 2011 Performance Awards. The Emirates Islamic Money Market Fund was nominated for the Best Islamic Investment Product, while Emirates MENA High Income Fund was nominated in the Best Mutual Fund category at Bankers Middle East Products Award 2011. Emirates NBD Asset Management was named Best Asset Manager – MENA region in the 2009 MENA Investor Awards and won the award for Best Newcomer at the London Sukuk summit for its innovative closed-ended structure, the Emirates Sukuk Fund No 1 Limited, in the same year.
At the 2011 Arab Achievement awards, Emirates NBD Asset Management was also nominated in the category ‘Leader in Islamic Investments.’