The UAE-based company, which added eight funds to its Luxembourg SICAV earlier this month, said the rise to AED10.2bn ($2.7bn, €2.2bn, £1.7bn) in AuM was also driven by a “remarkably strong” investor base from both regional and global markets.
“As we continue to fulfil our growth strategy with a well-diversified portfolio of products that tap into the region’s growth opportunities, I am optimistic that we will retain our market leadership position whilst setting new benchmarks for the industry,” said senior executive officer, David Marshall.
The new, UCITS-compliant, funds form part of the Emirates Emerging Market Corporate Absolute Return and Emirates Global Quarterly Income Funds already available through the SICAV.
Marshall said they are open to “relevant investors” outside the UAE, as well as locally, in order to reflect the company’s ongoing growth strategy.
The funds are designed to broaden the company’s investor base by giving more customers access to its UCITS investment schemes.
Emirates NBD Asset Management is the asset management arm of Emirates NBD and currently has a 50-50 split between public funds, domiciled in Jersey and Luxembourg, and tailor-made portfolios.
It is regulated by the Dubai Financial Services Authority and provides investment solutions including in-house managed MENA equity and fixed income funds and portfolios, UAE real estate, and global risk profiled funds, in both conventional and Shari’a-compliant formats.
