21 December 2011
MUSCAT--BankMuscat Muscat Fund and BankMuscat Oryx Fund, the leading investment funds to tap high performance companies in Oman and the GCC region, have retained their 'AA' rating by Standard and Poor's.
The AA rating for the second year in running by the world's leading independent fund rating agency reinforces the superlative performance of the funds in challenging situations. S&P fund management ratings are used as a selection tool by the world's leading institutional and private client investors.
Ali Said Ali, AGM - Asset Management and Private Banking, said: "This is a proud moment for BankMuscat Muscat Fund and Oryx Fund to retain their 'AA' rating by S&P. The top rating endorses the outstanding track record of both funds in delivering strong and consistent performance in times of market instability as well as the fund manager's ability and expertise. BankMuscat Muscat Fund and BankMuscat Oryx Fund continue to be the investors' first choice for venturing into Omani and GCC stock markets respectively."
BankMuscat Muscat Fund, launched in 1995 and regulated by the Capital Market Authority, is the first and only MSM index tracker fund in Oman. The objective of the fund is to outperform MSM 30 index by investing in benchmark stocks. The open-ended fund which offers daily subscription and redemption has consistently outperformed its benchmark.
BankMuscat Oryx Fund was launched in July 1994 and is regulated by the Capital Market Authority. The main objective of the open-ended fund is to achieve long-term capital appreciation through a diversified portfolio, principally of equity and equity-related investments in companies listed on the Gulf Co-operation Council (GCC) stock markets. The Fund has consistently outperformed its benchmark and offers daily subscription and redemption.
BankMuscat Muscat and BankMuscat Oryx Fund are managed by one of the most stable and experienced teams in the GCC region. The team has adopted a measured and gradual approach to growing resources. The team has a strong record relative to the benchmark and returns have also been respectable relative to peers.
Ali Said Ali said: "BankMuscat enjoys proven expertise in asset management. The Bank's performance has been lauded by the global banking community for several years and we are delighted to receive yet another prestigious endorsement from S&P. A keen perception of customer requirements enables the Bank to remain focused on developing products and services in line with the current and emerging needs."
BankMuscat Asset Management Department (AMD) is one of the largest fund managers in the region with a track record of 17 years and approximately $750 million assets under management. BankMuscat AMD also manages funds investing in Kuwait (BankMuscat MSCI® Kuwait Fund), India (BankMuscat India Growth Fund). BankMuscat AMD is a mandated Fund Manager of the Investment Stabilization Fund. BankMuscat AMD recently launched the BM S&P GCC Large Cap Index Fund, registered in Luxembourg, directed at institutional investors seeking to tap into the attractive growth potential of the regional markets.
Muscat Capital, a subsidiary of BankMuscat, launched a fund targeted at Saudi investors interested in investing in companies listed on the Muscat Securities Market (MSM). The Oman Premier Fund (OPF) functions as an open-ended feeder fund investing into BankMuscat Muscat Fund, which in turn invests in MSM-listed companies.
BankMuscat AMD offers discretionary portfolio management service to suit varied clients, including pension funds, global funds, high net worth individuals, corporations and other entities. In addition AMD also offers structured products, hedge funds, private equity funds.
MUSCAT--BankMuscat Muscat Fund and BankMuscat Oryx Fund, the leading investment funds to tap high performance companies in Oman and the GCC region, have retained their 'AA' rating by Standard and Poor's.
The AA rating for the second year in running by the world's leading independent fund rating agency reinforces the superlative performance of the funds in challenging situations. S&P fund management ratings are used as a selection tool by the world's leading institutional and private client investors.
Ali Said Ali, AGM - Asset Management and Private Banking, said: "This is a proud moment for BankMuscat Muscat Fund and Oryx Fund to retain their 'AA' rating by S&P. The top rating endorses the outstanding track record of both funds in delivering strong and consistent performance in times of market instability as well as the fund manager's ability and expertise. BankMuscat Muscat Fund and BankMuscat Oryx Fund continue to be the investors' first choice for venturing into Omani and GCC stock markets respectively."
BankMuscat Muscat Fund, launched in 1995 and regulated by the Capital Market Authority, is the first and only MSM index tracker fund in Oman. The objective of the fund is to outperform MSM 30 index by investing in benchmark stocks. The open-ended fund which offers daily subscription and redemption has consistently outperformed its benchmark.
BankMuscat Oryx Fund was launched in July 1994 and is regulated by the Capital Market Authority. The main objective of the open-ended fund is to achieve long-term capital appreciation through a diversified portfolio, principally of equity and equity-related investments in companies listed on the Gulf Co-operation Council (GCC) stock markets. The Fund has consistently outperformed its benchmark and offers daily subscription and redemption.
BankMuscat Muscat and BankMuscat Oryx Fund are managed by one of the most stable and experienced teams in the GCC region. The team has adopted a measured and gradual approach to growing resources. The team has a strong record relative to the benchmark and returns have also been respectable relative to peers.
Ali Said Ali said: "BankMuscat enjoys proven expertise in asset management. The Bank's performance has been lauded by the global banking community for several years and we are delighted to receive yet another prestigious endorsement from S&P. A keen perception of customer requirements enables the Bank to remain focused on developing products and services in line with the current and emerging needs."
BankMuscat Asset Management Department (AMD) is one of the largest fund managers in the region with a track record of 17 years and approximately $750 million assets under management. BankMuscat AMD also manages funds investing in Kuwait (BankMuscat MSCI® Kuwait Fund), India (BankMuscat India Growth Fund). BankMuscat AMD is a mandated Fund Manager of the Investment Stabilization Fund. BankMuscat AMD recently launched the BM S&P GCC Large Cap Index Fund, registered in Luxembourg, directed at institutional investors seeking to tap into the attractive growth potential of the regional markets.
Muscat Capital, a subsidiary of BankMuscat, launched a fund targeted at Saudi investors interested in investing in companies listed on the Muscat Securities Market (MSM). The Oman Premier Fund (OPF) functions as an open-ended feeder fund investing into BankMuscat Muscat Fund, which in turn invests in MSM-listed companies.
BankMuscat AMD offers discretionary portfolio management service to suit varied clients, including pension funds, global funds, high net worth individuals, corporations and other entities. In addition AMD also offers structured products, hedge funds, private equity funds.
© Oman Daily Observer 2011
