Emirates MENA Opportunities awarded 'Best Mixed Asset Fund' by independent international panel

Dubai, March 10, 2015: Emirates NBD Asset Management Limited's Emirates MENA Opportunities Fund was named 'Best Mixed Asset Fund' at the FSA (Fund Selector Asia) awards held recently.

This award closely follows the company's big wins at the recently held MENA Fund Manager Performance Awards 2015. Emirates NBD Asset Management Limited is the asset management arm of Emirates NBD, a leading bank in the region.

The Emirates MENA Opportunities Fund, launched in April 2006, invests in Shari'a compliant equities across a range of MENA markets, as well as other assets including Murabaha, fixed deposits, Sukuk, trade finance, real estate, alternative strategies and cash equivalent assets.

Commenting on the recent win, David Marshall, Senior Executive Officer, Emirates NBD Asset Management said, "This is well deserved recognition of the expertise and capabilities of our in-house MENA equities team. While Emirates NBD Asset Management has firmly established a reputation across the Middle East, this international recognition positions us to further capitalise on opportunities in markets outside the region, for our unique range of MENA and Shari'a compliant funds."

The FSA's awards are considered among the most prestigious in the industry, given their rigorous selection process and distinguished judging panel. Funds are shortlisted in 15 asset classes via a comprehensive quantitative analysis on alpha, volatility and consistency, carried out by fund data and research specialist Financial Express (FE).  Following the FE Crown Rating, winners are determined by an independent panel of professionals from Asia's fund selector community, who pick funds expected to outperform in the next 12 months. All voting is anonymous.

Emirates NBD Asset Management, regulated by the Dubai Financial Services Authority (DFSA), is the largest asset manager in the Middle East region, and manages a range of products including MENA equity and fixed income funds and portfolios, UAE real estate, global risk profiled funds and a complete range of Shari'a compliant instruments.

About Emirates NBD
Emirates NBD is a leading banking Group in the region.  As at 31st December 2014, total assets were AED 363 billion, (equivalent to USD 98.8). The Group has a leading retail banking franchise in the UAE, with more than 215 branches and over 889 ATMs and CDMs in the UAE and overseas.  It is a major player in the UAE corporate and retail banking arena and has strong Islamic banking, Global Markets & Treasury, Investment Banking, Private Banking, Asset Management and Brokerage operations. 

The Group has operations in the UAE, Egypt, the Kingdom of Saudi Arabia, Qatar, Singapore, the United Kingdom and representative offices in India, China and Indonesia.

The Group is an active participant and supporter of the UAE's main development initiatives and of the various educational, environmental, cultural, charity and community welfare establishments.

About Emirates NBD Asset Management
Emirates NBD Asset Management, which is regulated by the Dubai Financial Services Authority, is the asset management division of Emirates NBD Bank, one of the largest banks by assets in the MENA region. The asset management entity manages a range of products including MENA equity and fixed income funds and portfolios, global risk profiled funds, UAE real estate and a complete range of Shari'a compliant instruments. The Emirates NBD Asset Management managed funds are domiciled both in Jersey (regulated by the Jersey Financial Services Commission) and Luxembourg (regulated by the Luxembourg Commission de Surveillance du Secteur Financier). At the end of December 2014, Emirates NBD Asset Management had assets under management of approximately AED 10.7bn.

For further information, please contact:
Ajith Henry
Communications - Group Marketing, Emirates NBD
Tel: 971-4-3874421
Mob: 971 55 6612391
Email: AjithH@emiratesnbd.com

Tricia Rego
ASDA'A Burson-Marsteller; Dubai, UAE
Tel: 971-4-4507600; Fax: 971-4-4358040
Email: tricia.rego@bm.com

© Press Release 2015