The Duemme GCC Markets fund will offer global investors access to new markets and geographical diversification opportunities
Duemme SGR SpA - the asset management company owned by the Mediobanca and Mediolanum private banking group Banca Esperia - and ADS Securities - an international financial services company based in Abu Dhabi - have joined forces to offer global investors exciting new investment opportunities in the Middle East, including through equities and fixed income.
The result of their partnership is Duemme GCC Markets, a balanced fund investing in GCC ("Gulf Cooperation Council") markets, specifically the UAE, Saudi Arabia and Qatar, as well as Bahrain, Kuwait and Oman.
Duemme SGR will manage the fund, available from the next weeks, with advisory services provided by ADS Securities. The fund will mainly invest in equities and bonds of issuers domiciled in a member country of the GCC and neighboring countries or in companies that conduct their principal business activities in the GCC and neighboring countries. It may invest up to 50% (minimum 30 %) in bond, up to 70 % (minimum 30 %) in equity, and will have as a benchmark of 60% S&P GCC Composite and 40% Barclays GCC credit + HY. The fund's investment strategy will be flexible and focused on diversification based on medium and long-term prospects, taking an active management approach to finding the best investment opportunities within GCC markets while implementing risk control techniques, with a volatility target over a range of 5-8 %.
ADS Securities, which boasts a significant local presence across the Middle East, will provide Duemme SGR with research, selection and advisory services for investments. "We are extremely pleased to have found the right partner in ADS Securities to give our clients the chance to invest in markets and economies that have yet to be fully explored by global investors and that are currently undergoing significant expansion," noted Filippo Di Naro, CEO of Duemme SGR. "The Duemme GCC Markets fund will allow us to optimize investment diversification, not only in terms of geography, but also in terms of asset class, currency and financial instrument ."
"Philippe Ghanem, CEO and Vice-Chairman of ADS Securities, sees great opportunities in the GCC for investors: "The GCC has a very high per capita income and non-oil revenues now drive growth in the region. We always advise investors to look at the performance of GCC equities compared with other emerging markets, and we are confident they will be pleased by the potential which exists."
The Duemme GCC Markets fund will be presented to a group of potential investors at two special invitation-only events - one at Banca Esperia offices this evening in Milan and one on Thursday 22 October at Villa Aurelia in Rome. The speakers will be Andrea Cingoli, CEO of Banca Esperia, and Filippo Di Naro, CEO of Duemme SGR, along with - for ADS Securities - Matteo Alessandro Legler, Chief Operating Officer, Ashish Marwah, Director of Asset Management, and Ryan Lemand, Senior Director of Managed Solutions & Business Development.
Duemme SGR SpA
Duemme SGR is the asset management company of the Banca Esperia Group, a private bank owned by Mediobanca and Banca Mediolanum. If offers a complete range of investment solutions: investment funds, management mandates for institutional clients and SICAV fund management mandates.
Duemme SGR is a reputable asset manager for institutional investors, particularly for private and public pension funds, bank foundations, religious bodies, insurance companies, non-profit organizations and companies. It offers management services covering all asset classes (fixed income, equity, alternative and real estate), with a nearly exclusive focus on developed countries.
Duemme SGR strives to establish long-lasting relationships with clients in its understanding and interpretation of their needs.
ADS Securities
ADS Securities is an Abu Dhabi based international financial services company, dedicated to providing the highest quality investment opportunities for institutional, private and retail clients. It offers unique online trading, global market, investment banking and wealth management services. Established in 2011 ADS Securities is part of the ADS Holding group and in a short period of time has established itself as a leading forex, bullion and online trading firm. It is regulated and licensed by the UAE Central Bank, and was established with initial capital of US$400 million. ADS Securities is headquartered in Abu Dhabi, the capital of the UAE. A regional HQ office, ADS Securities Hong Kong Limited, regulated by the SFC (AXC847), was launched in December 2013. ADS Securities Singapore Pte was established in Singapore in 2011, and provides customer support across the region. In the UK ADS Securities London Limited is authorised and regulated by the FCA (577453), and is a wholly owned subsidiary of ADS Securities' parent company. For more information please go to www.ads-securities.com.
For further information:
Mediobanca Media Relations ADS Securities
Anna Barbaglio Stephen Davie
+39 028829898 +971 2 6547 663
anna.barbaglio@mediobanca.com SGD.MKT@ads-securities.com
Stefano Tassone
Stefano.tassone@mediobanca.com
+39 028829319
© Press Release 2015
