Dubai
Emirates NBD Asset Management said on Wednesday its total assets under management rose 10 per cent to be at $4.8 billion.
The total AUM was made up of $3.4 billion of segregated mandates and $1.4 billion in funds, the asset management company said in an emailed statement.
Among the funds, greatest asset growth was achieved by the Emirates Global Sukuk Fund, which grew by 62 per cent, while the Emirates MENA Fixed Income Fund grew by 31 per cent, reaching $194 million.
In addition to strong inflows across the portfolio, Emirates NBD Asset Management’s multi-asset funds delivered stellar performances. The Emirates Active Managed Fund delivered returns of 18.50 per cent, while the Emirates Balanced Managed Fund and Emirates Global Quarterly Income Fund returned 14.08 per cent and 10.38 per cent respectively.
Salman Bajwa, Senior Executive Officer at Emirates NBD Asset Management, said: “This year we have expanded our footprint across the GCC by adding some of the largest regional institutions as clients and increased our penetration across international investors, particularly in Europe.”
Emirates NBD Asset Management seeks to increase its investor base.
“For international clients, we will continue discussions around increasing exposure to the MENA Fixed Income asset class as a consistent yield provider, with low volatility and sound underlying fundamentals,” said Bajwa.
