National Bank of Fujairah (NBF) PJSC announced the launch of its Investment Management business to provide mass affluent priority banking, high-net worth and institutional investors with high quality, independently-researched and risk-based investment solutions. The bank’s approach will be objective and transparent with regards to the individual investments to be held and the charges incurred, utilising world class research and an objective selection process. The bank will use more than 30 best in class international fund managers to build the model portfolio.
NBF investment solutions provide investors with a one-stop service through an individually-tailored customer journey. The bank helps investors define their investment objectives and long-term financial aspirations in line with individual circumstances including risk appetite, life cycle and time horizon. The bank’s engagement continues beyond the initial sale as the portfolio is tracked and is continuously adjusted and rebalanced to respond to changing personal circumstances and market trends.
The investor’s individual experience and profiling assessment will determine the choice of the investor’s portfolio. With NBF, model portfolio solutions can start from as low as USD 25,000 for lump sum investments and as low as USD 1,000 for a monthly contribution in a systematic investment plan – across both conventional and Sharia’-compliant investment solutions. NBF’s investment solutions are offered in 8 distinct risk-based model portfolios, comprised of independently-researched, multi-asset mutual funds. Each portfolio contains an average of12 mutual funds that invest in various asset classes and geographies. The bank collaborates with MorningStar, an independent investment research firm, to construct and dynamically manage the portfolios.
Commenting on the announcement, NBF’s CEO Vince Cook said: “The bank has taken a number of years to find an approach that can be easily understood yet draws on the enormous number of options available to deliver an unbiased and objectively chosen mix of investments. This provides a cost-effective entry for people of different financial positions to a world that is often only available for significant lump sums. We are excited to offer clients with various financial capabilities a proposition that is typically reserved to private banking clients. Cementing our position as the leading financial partner for clients, NBF is committed to leveraging its in-house experts and network of partners to offer clients investment strategies that suit their objectives in an unbiased, transparent manner. A key differentiator for NBF’s investment products is that investors can choose to exit the investment on a weekly basis due to the transparent fee structure and the absence of lock-up and redemption penalties.”
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About National Bank of Fujairah PJSC:
Incorporated in 1982, National Bank of Fujairah PJSC (NBF) is a full services corporate bank with strong corporate and commercial banking, treasury and trade finance expertise as well as an expanding suite of personal banking options and Shari’a compliant services. Leveraging its deep banking experience and market insight within Fujairah and the UAE, NBF is well-positioned to build lasting relationships with its clients and help them achieve their business goals.
NBF’s key shareholders include the Government of Fujairah, Easa Saleh Al Gurg LLC and Investment Corporation of Dubai. Rated Baa1 / Prime-2 for deposits and A3 for counterparty risk assessment by Moody’s and BBB+ / A-2 by Standard & Poor’s, both with a stable outlook, the bank is listed on the Abu Dhabi Securities Exchange under the symbol “NBF”. It has a branch network of 18 (of which 1 is an electronic banking service unit) across the UAE.
For further information, please contact:
Strategic Marketing and Communications Department
E-mail: CorpComm@nbf.ae
Telephone: +971 4 397 1700
Facsimile: +971 4 397 5385
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