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Emirates NBD announces strong 2016 performance
February 23, 2017
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Dubai: Emirates NBD Asset Management delivered another year of strong results across its suite of funds and mandates in 2016. Consistent performance and continuation of a strong track record saw the firm grow its Assets under Management (AuM) by 29 per cent from $2.99 billion to $3.85 billion.

Tariq Bin Hendi, CEO, Emirates NBD Asset Management, commented:

“In 2016 we maintained our track record for generating strong and consistent returns for clients. The success we enjoyed is particularly pleasing given the adverse market conditions experienced by the region, particularly as a result of low oil prices. Our extensive experience in emerging markets will be of importance as we seek fresh opportunities to deliver positive results in 2017.”

Emirates Mena Fixed Income Fund

The Emirates Mena Fixed Income Fund demonstrated a solid absolute, and one of the strongest relative performances among the product suite. The fund, which closed 2016 with an AuM of $149m, generated a net return of 7.7 per cent for the year. It also outperformed its benchmark by a margin of 2.8 per cent.

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