Emirates NBD launches eight Ucits funds

Bond indicesEmirates NBD Asset Management has added eight funds to its Luxembourg Sicav platform as part of a plan to raise assets from international investors.

Including equity, bond, balanced and sharia-compliant funds, the new set brings the number of products on the Luxembourg Sicav to ten, some of which mirror the strategy of existing funds domiciled in Jersey.

The firm says it is currently seeking approval from the UAE regulator, the Securities and Commodities Authority, to distribute the funds in its home market. It will also seek to distribute them internationally.

David Marshall, senior executive officer of Emirates NBD Asset Management, says the idea of selling to investors both in and outside the UAE is “in keeping with our ongoing growth strategy”. Marshall was interviewed by Funds Global MENA last year.

Emirates NBD Asset Management is based in the Dubai International Financial Centre and regulated by the Dubai Financial Services Authority.

The eight new funds are: Emirates Active Managed Fund; Emirates Balanced Managed Fund; Emirates Islamic Global Balanced Fund; Emirates MENA Fixed Income Fund; Emirates Global Sukuk Fund; Emirates MENA Top Companies Fund; Emirates MENA Opportunities Fund and Emirates MENA High Income Fund.

©2014 funds global mena

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