Emirates NBD Asset Management Company on Wednesday reported a major growth in total assets during 2017, reaching $4.8 billion.
The Global Sukuk Fund grew 62% to $209 million during the last year, while the Emirates MENA Fixed Income Fund advanced by 31% to AED 194 million, the company’s data showed.
Returns of The Emirates Active Managed Fund and the Emirates Balanced Managed Fund increased by 18.50% and 14.08%, respectively.
“We are very pleased to announce another strong year for our business, which has not only continued to grow in size but also in terms of the profile of investors coming to our platform,” said Salman Bajwa, senior executive officer at Emirates NBD Asset Management.
“Our investment strategies have continued to deliver superior returns to clients, due to the hard work of a team of trusted, experienced and specialised portfolio managers, who take pride in long-term relationships with investors,” Usman Ahmed, investments managing director at Emirates NBD Asset Management, commented.