Fund manager Vam Funds has obtained the approval of the Securities and Commodities Authority (SCA) to register its range of funds within the UAE.
The firm wants to establish and build a “permanent distribution capability in the UAE”, a country which it says has increasing demand for high quality, sophisticated investment funds and products.
Vam will allow financial advisers, intermediaries and institutions in the region to access the range.
The following 11 funds have been registered in the UAE:
- VAM US Micro Cap Growth Fund;
- VAM US Small Cap Growth Fund;
- VAM US Mid Cap Growth Fund;
- VAM US Large Cap Growth Fund;
- VAM World Growth Fund;
- VAM Emerging Markets Growth Fund;
- VAM International Opportunities Fund;
- VAM Driehaus Fund;
- VAM Cautious Fund;
- VAM Balanced Fund;
- VAM Growth Fund.
Reinforce global presence
Brendan Adams, managing director at Vam Global Management Company, said: “We are delighted with this new step in our group development as we have been present in the region for almost a decade now.
“We are also delighted to have received the approval from the SCA to offer our range of funds in the UAE’s growing market.
“Vam has been in the industry for nearly two decades and, by establishing a strong presence in the UAE market, it is clearly reinforcing its global presence.
“We are finding that well-regulated international funds, such as those we provide through our Luxembourg Ucits V range, are increasingly in demand and being sought by advisers and investors.”
