The National Bank of Abu Dhabi (NBAD) has won four prestigious awards at the MENA Fund Manager Performance Awards 2015.
NBAD’s Global Asset Management received recognition as ‘Best Exchange Traded Fund (ETF)’ for NBAD Oneshare MSCI UAE UCITSETF, ‘Best New Fund’ for NBAD Shariah MENA Dividend Leader Fund’ and ‘Best UAE Fund’ for NBAD UAE Growth Fund. In addition, the Bank was awarded ‘Best MENA Fund under US$50 million’ which went to NBAD Islamic MENA Growth Fund.
The MENA Fund Manager Performance Awards 2015 recognized and rewarded top performers in the regions’ fund management space who have outperformed their peers over the course of 2014.
“It is an honor to have been named a winner of four awards from MENA Fund Manager. This recognition is the result of the tireless efforts of our team, and we will continue our commitment to deliver groundbreaking and competitive investment products that address the market’s needs,” said Claude-Henri Chavanon, Managing Director & Head of Global Asset Management at NBAD.
The winners were selected by representatives from MENA Fund Manager as well as select leading industry experts. Judges based their decisions on fund performance as well as qualitative and structural criteria.
“Over the past years, NBAD’s Global Asset Management has continuously strived to become the market leader in providing innovative and world class funds. These awards are a result of our ability to understand clients’ needs and to provide them with tools that help them to capitalize on market opportunities,” said Saleem Khokhar, Head of Equities & Fund Management at NBAD’s Global Asset Management.
NBAD’s award-winning Global Asset Management division designs and manages NBAD various conventional and Islamic offerings, ranging from equity funds and fixed income funds to exchange-traded funds (ETF), structured products, and discretionary portfolios and advisory services.
NBAD’s Global Asset Management manages assets in excess of AED 10 billion, making it one of the largest in the UAE. The Group has won a number of awards over the last few years in recognition of its innovative, customer-centric products which continue to perform exceptionally. For example, NBAD was awarded Best Islamic Fund by Global Islamic Finance Awards 2014 and Asset Manager of the Year by the prestigious Global Investor/ISF at its Middle East Summit and Awards 2013. It has also been named the Best Asset Management House 2013 by the International Takaful Award and Best Exchange Traded Fund of 2013 at the MENA Fund Manager Performance Awards in addition to the Best Sukuk Fund 2013 at the Islamic Business & Finance Award.