Jupiter to be appointed as delegate investment advisor on the Emirates Active, Balanced and Conservative Managed Funds

In addition, Jupiter will be appointed to manage the new Emirates Global Quarterly Income Fund*

The new fund is one of two funds launched under the newly established Emirates NBD SICAV

Dubai, December 04, 2013: Emirates NBD Asset Management Limited, the asset management arm of Emirates NBD, a leading bank in the region, today announced a strategic partnership on its global public funds with Jupiter Asset Management, one of the UK's leading fund groups and an active fund manager with an outstanding track record. The newly formed strategic partnership announced that Jupiter's multi-manager team has been appointed as delegate investment advisor for the conventional multi asset class global fund range.

Emirates NBD Asset Management also announced the launch of the Emirates Global Quarterly Income Fund (the "income fund"), which will be available under the Emirates NBD SICAV. The fund is an open-ended collective investment scheme domiciled in Luxembourg, with Jupiter's multi-manager team appointed as the delegate investment manager for the fund*. Jupiter's award winning Independent Funds team manage approximately USD16bn (as at 30th September 2013) in assets through multi manager products which are graded Platinum by S&P.

In addition to the income fund, Emirates NBD Asset Management has also launched the Emirates Emerging Market Corporate Absolute Return Fund (the "fund") under the SICAV structure.

The Emirates NBD Asset Management global multi asset class funds have been designed for investors seeking to maximise returns and long-term capital growth while managing risk through a diversified portfolio. The funds are expected to benefit from the new management structure which will leverage the global expertise provided by Jupiter Asset Management, which, combined with Emirates NBD Asset Management's local knowledge, will seek to take these funds to the next level of performance.

"As an important component of the bank's Wealth Management Division, Emirates NBD Asset Management offers investors a value-added relationship that combines investment expertise, access to international platforms and world class execution," said David Marshall, Senior Executive Officer, Emirates NBD Asset Management. "We are pleased to announce this strategic partnership with Jupiter Asset Management, which will give a huge boost to our global expertise and further drive the process to develop Emirates NBD Asset Management's in-house product range into global markets."

Kevin Scott, Executive Director International at Jupiter Asset Management, said: "Expansion and global outreach is an important aspect of today's connected world and we are pleased to partner with one of the leading asset management firms in the GCC to enhance their fund offering. As a fund manager focusing on delivering investment outperformance over the medium to long term across its range of portfolios, Jupiter Asset Management is excited about this strategic tie up, which will aim to maximise performance on the global product range. This is a key development of our international expansion plans, complementing our existing presence in Europe and Asia.'

The Emirates Active, Balanced and Conservative Managed Funds are the S&P Silver graded multi asset global funds that have been running since 2004 under Emirates NBD Asset Management's oversight.

The Emirates Global Quarterly Income Fund (the "income fund") is a diversified portfolio which aims to provide investors with a professionally managed means of generating a quarterly distribution by investing across a wide range of asset classes including fixed income securities, equity income and other income producing assets, predominantly through a fund of funds strategy. The income fund will invest in best of breed asset managers globally across asset classes, as advised by Jupiter's multi-manager team.

The Emirates Emerging Market Corporate Absolute Return Fund (the "fund") is a diverse portfolio of fixed income securities, actively managed by the fixed income team at Emirates NBD Asset Management to maximise total return whilst minimising risk, by investing primarily in high-yield corporate bonds of issuers from global emerging markets.

Customers can invest in these open-ended funds through banking channels, IFAs, directly through Emirates NBD Asset Management or through a range of global platforms.**

"The opportunities offered by this new partnership are unparalleled, as they allow investors to enjoy the benefits of a team that has delivered superior returns and steady income while controlling risk. Emirates NBD Asset Management is confident that this tie up will offer a unique opportunity for our investors." added Marshall.

Emirates NBD Asset Management Limited recently received the awards for 'UAE Asset Manager of the Year' and 'Fixed Income Manager of the Year' at the 2013 Global Investor/ISF Middle East awards. It was also voted as "Best Asset Management Company" at the annual Arab Achievement Awards 2013, a recognition achieved by the company for the third consecutive year, reflecting its commitment to provide outstanding asset management products and services to investors in the wider Middle East region. 

*Subject to regulatory consent
**Please note that the Active, Balanced and Conservative Managed Funds are currently available for private placement in the UAE

-Ends-

About Emirates NBD:
Emirates NBD is a leading banking Group in the region. As at 30th September 2013, total assets were AED 332.3 billion. The Group has a leading retail banking franchise in the UAE, with 210 branches and over 921 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 Jersey (Channel Islands), 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.

For more information, please visit: www.emiratesnbd.com

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 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 October 2013, Emirates NBD Asset Management had assets under management of approximately AED 7.7bn.

For further information, please contact:
Hassan Al Khuwaildi | Hala Zamani
Communications
Group Marketing, Emirates NBD
Tel: 971-4-6093459 | 971-4-6093458
Mob: 971 50 7454454 | 971 50 8595599
Email: hassanAl@emiratesnbd.com | halaZ@emiratesnbd.com

Sudha Chandran | Hiba Moussa
ASDA'A Burson-Marsteller
Dubai, UAE
Tel: 971-4-4507600
Fax: 971-4-4358040
Email: sudha.chandran@bm.com | hiba.moussa@bm.com

Disclaimers
Information and opinions contained herein have been compiled or arrived at by Emirates NBD Asset Management Limited ("Emirates NBD AM") from sources believed to be reliable but Emirates NBD AM cannot accept liability for any loss arising from the use hereof nor make any representation as to their accuracy or completeness. The opinions expressed herein are not intended to serve as authoritative investment advice. It may not be used or considered as an offer to sell, or a solicitation of any offer to buy, any investment. Emirates NBD AM therefore accepts no liability whatsoever for any direct, indirect or consequential loss arising from the use of this document. The price of units or shares and the income from them can go down as well as up. An investor may not get back the full amount invested.  Past performance is not indicative of future performance. It should be noted that investments might not be readily marketable and it may therefore be difficult for an investor to sell his/her investment in any fund.

© Press Release 2013