Dubai, United Arab Emirates: Emirates NBD Asset Management, KAMCO Investment Company and Fisch Asset Management will partner to co-author research examining key trends driving performance of MENA and emerging market Fixed Income instruments, reviewing 2018 and providing an outlook for 2019.

The three asset management companies, who have combined Assets under Management (AuM) of more than USD 25 billion, have come together for a content partnership to publish their inaugural co-authored white paper, which will be available to investors and the media in January 2019. The white paper will analyse recent trends impacting Fixed Income markets, macroeconomic drivers in MENA, the evolution of Fixed Income issuance in the region, risk factors and an outlook for 2019.

Faisal Sarkhou, Chief Executive Officer, KAMCO added:

“Over the past months we have seen considerable appetite for Fixed Income products from investors in Kuwait and the wider GCC. Due to that we have launched our KAMCO MENA fixed income fund to cater to the demand of such product in the region.

We believe this project and its output will be of considerable value to the investor community, and particularly institutional investors looking to further understand the opportunities that exist in this asset class while considering their allocation strategies for the year ahead.”

Philipp Good, CEO and Head of Portfolio Management, Fisch Asset Management, concluded:

“We believe our research partnership with Emirates NBD Asset Management and KAMCO will be a valuable initiative for providing regional and international perspectives on the region’s debt market. The robust performance of GCC instruments in 2018 undoubtedly stands out when compared to emerging market peers, but the substantial drop in oil prices translates into challenges for the coming years. We see value in exploring broader MENA and emerging market trends, providing investors with a wide range of insights from our portfolio management teams.”

The white paper will be formally released to the media in January, after which the three asset managers will co-host a series of invitation-only investor and media events in Kuwait, Dubai and Zurich.

-Ends-

About Emirates NBD Asset Management

Emirates NBD Asset Management Limited (Emirates NBD Asset Management), established in the Dubai International Financial Centre and regulated by the Dubai Financial Services Authority as a Category II Firm, is the wholly owned asset management business of Emirates NBD Bank, one of the largest banks by assets in the MENA region. Emirates NBD Asset Management provides a wide range of investment solutions, from in-house managed public funds to tailor-made discretionary solutions. It manages funds across a variety of asset classes, including MENA equity and global fixed income, global risk profiled solutions, UAE real estate, and a wide range of Shari'a compliant instruments, structured to cater for diverse risk appetites.

Each of the Emirates NBD Asset Management managed funds are currently domiciled in either Jersey (regulated by the Jersey Financial Services Commission) or Luxembourg (regulated by the Luxembourg Commission de Surveillance du Secteur Financier). As at 30 September 2018, Emirates NBD Asset Management had assets under management of approximately USD 4.2 billion.

About KAMCO

KAMCO Investment Company K.S.C (Public) is a premier investment company based in Kuwait. The Company is one of the leading investment firms in the Gulf region in terms of assets under management (AUM), and is regulated by the Capital Markets Authority - Kuwait. Established in 1998 and listed on the Boursa Kuwait in 2003, KAMCO is a subsidiary of United Gulf Bank (UGB). In 2018, KAMCO acquired a majority stake of 69.528% in Global Investment House K.S.C.C. (“Global”). The Company has established itself as a regional leader in providing innovative products and services to its clients, enabling it to increase AUM to over USD 9.5 billion (as of 30 September 2018) and achieve a strong track record of 102 successful investment banking transactions worth around USD 16.1 billion (as of 30 September 2018).

About Fisch Asset Management

Fisch Asset Management is an asset manager specialising in select investment strategies. It offers convertible bonds, corporate bonds and multi asset/absolute return solutions. Its objective is to generate gains for long-term investors through active management. The company’s core strength lies in fundamental credit analysis, trend identification and its experienced portfolio managers. Founded in Zurich in 1994 by two brothers, Kurt Fisch and Dr Pius Fisch, the independent asset manager has made a name for itself as a global leader in convertible bonds. The company has 90 employees and manages assets of over CHF 10 billion (USD 11 billion) for institutional investors primarily based in Europe. As a licensed securities dealer, the company is regulated by the Swiss Financial Market Supervisory Authority (FINMA). Fisch Asset Management is a signatory of the United Nations Principles for Responsible Investment (UN PRI).

The company’s client base comprises 81% institutional and 19% wholesale investors. Fisch Asset Management has an international outlook, which applies to both its employees and distribution channels. The company is increasingly targeting investors from beyond its core market of German-speaking countries. Fisch Asset Management offers mandates as well as mutual fund solutions. For more information: www.fam.ch/en/

Media enquiries

Diana Estupinan

Instinctif Partners

Tel: +971 (0) 55 104 3586

Email: diana.estupinan@instinctif.com

© Press Release 2018

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