Arab Bank's AB Asia Dynamic Fund has won the Thomson Reuters' Lipper award for the Gulf Region's Best Fund over Three Years Equity. Lipper, a specialized agency for analyzing and rating investment funds has awarded Arab Bank for the third consecutive year for AB Asia Dynamic Fund's performance in 2010.
Based on the Lipper' ratings methodology, the AB Asia Dynamic Fund has achieved a historical total return performance relative to its peers and consistent risk-adjusted returns when compared to similar funds. The Fund also demonstrated a superior ability to preserve capital compared with other funds in the same category and was able to successfully manage and contain expenses at relatively low levels.
AB Asia Dynamic Fund is part of the large suite of investment funds set up by Arab Bank to meet the investment needs of its clientele as an integral part of Arab Bank's wealth management operation.
The AB Asia Dynamic Fund was established in 2001 and re-launched in 2006 with a new mandate that has enabled it to dynamically allocate its underlying investments and adapt rapidly to the changing trends in the Asian markets. Arab Bank renovated this fund to deliver superior returns to investors over a market cycle of around five years.
Established in 1930, Arab Bank, the first private sector financial institution in the Arab World, is headquartered in Amman, Jordan. It is ranked amongst the largest international financial institutions, with ratings of (A3) by Moody's and (A-) by both S&P and Fitch. In 2009, Arab Bank Group achieved pre-tax profit US $782.8 million; total assets reached US $50.6 billion, while shareholders' equity equaled to US $8.1 billion. Arab Bank has an unmatched global Arab branch network with over 500 branches spanning five continents, and locations in key financial markets and centers such as London, New York, Dubai, Singapore, Zurich, Paris, Frankfurt, Sydney and Bahrain.
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About Arab Bank:
Established in 1930, Arab Bank, the first private sector financial institution in the Arab World, is ranked amongst the largest international financial institutions, with ratings of (A3) by Moody's and (A-) by both S&P and Fitch. In 2009, Arab Bank Group achieved pre-tax profit US $782.8 million; total assets reached US $50.6 billion, while shareholders' equity equaled to US $8.1 billion. Arab Bank has an unmatched global Arab branch network with over 500 branches spanning five continents, and locations in key financial markets and centers such as London, New York, Dubai, Singapore, Zurich, Paris, Frankfurt, Sydney and Bahrain. For more information please visit www.arabbank.com
For media inquiries, please contact:
Ziad Qasem
Memac Ogilvy & Mather - Jordan
Tel: +962 6 5524287
Fax: +962 6 5532487
Ziad.qasem@ogilvy.com
© Press Release 2010
