Emirates NBD Asset Management Regulated by the DFSA Corporate and product profile 31 st August 2013
Table of contents Emirates NBD Asset Management Asset Management team Flagship fund range 2
Emirates NBD Asset Management • 100% owned by Emirates NBD, one of the largest banks in the GCC in terms of Ownership assets, and is its dedicated asset management arm • The company manages a range of public mutual funds that cover regional and global equity, fixed income and real estate • It also manages discretionary and non discretionary portfolios, tailored to a Scope of specific client’s requirements services • In addition, the team recommends advisory trade ideas and structured products • All of the above services can be offered on both a conventional and Shari’a compliant basis • Based in the DIFC, regulated by the DFSA as a Category II Firm, with the additional ability to operate an ‘Islamic Window’ • Funds domiciled in Jersey (regulated by the Jersey Financial Services License and Commission) and in Luxembourg regulation • Personnel Staff located in the DIFC, with both regional and global distribution reach 3
External recognition in the shape of industry awards The team has on several occasions been recognized by outside entities as being an expert in the MENA region Year Awards • ‘Best Asset Management Company’ at the 2013 Arab Achievement awards • ‘Best Fund Manager MENA’ at the Global Banking and Finance Review Awards 2013 • ‘Best Regional Fund Manager’ at the Banker Middle East Industry Awards 2013 • ‘Best International Investment Fund’ for the Emirates Active Managed Fund at the Banker Middle East 2013 Product Awards 2013 • ‘UAE Asset Manager of the Year’ and ‘Fixed Income Fund of the Year’ - Emirates MENA Fixed Income Fund - MENA Fund Manager Performance Awards 2013 • ‘UAE Asset Manager of the Year’ and ‘ Sukuk Manager of the Year’ at the 2012 Global Investor/ISF Middle East Awards • ‘MENA Sukuk Manager of the Year’ at the 2012 Global Investor/ISF Investment Excellence Awards • ‘ Best Islamic Wealth Management Services Provider ’ at the 2012 London Sukuk Summit awards 2012 • ‘ Best Asset Management Company’ at the 2012 Arab Achievement awards • The Emirates Global Sukuk Fund was named ‘ Specialist Fund of the Year ’ at the 2012 MENA Fund Manager awards • ‘ Best Fund Management Company’ at the 2011 Arab Achievement awards 2011 • ‘ Equity Manager of the Year’ at the Global Investor/ISF Middle East awards 2011 4
External validation * S&P extracts refer to the selected funds mentioned. Please see the full reports for each of the graded funds for complete details. 5
Why Emirates NBD Asset Management? • One of the largest and most diverse teams in the region with a strong track record Experienced team • Vastly experienced in regional as well as international markets, in both Shari’a compliant and conventional products • Proven bottom up research driven investment process, focusing on Tried and tested company and economic fundamentals, coupled with a top down overlay research driven • Blend of value and growth, with greater emphasis on value approach • Flagship funds graded Silver by S&P • Being part of an independent asset management company yet 100% Strong parent backing owned by one of the largest banks by assets in the region, Emirates NBD • Direct clients through own sales force • Internal channels of Emirates NBD Group (Priority Banking, Private Bank, Global distribution Islamic Bank) capabilities • Funds approved by global platforms such as Zurich, Friends Provident, Skandia, Hansard, Generali, Allfunds, Fund Channel, iFAST and Alico • Internal oversight provided by internal auditors as well as various risk and Highly regulated investment committees entities • External regulation by the DFSA, JFSC and financial auditors 6
Emirates NBD Asset Management’s scope of business A flexible product offering: Advisory & Portfolios In house public funds execution Real Bonds & MENA Global Discretionary portfolio Non discretionary Estate Sukuk Multi Asset management portfolio management Equities Jersey funds Tailor made Client selection • Investment options across all asset classes and geographies, in either a Shari’a compliant or conventional format • Award winning funds managed by Emirates NBD Asset Management, with established track records • Tailor made discretionary portfolios according to investor’s needs 7
Sample platform links and partnerships 8
Table of contents Emirates NBD Asset Management Asset Management team Flagship fund range 9
Key members of the asset management team Usman Ahmed, CFA Yong Wei Lee, CFA Head of Fixed Income Head of MENA Equities • B. Eng Hons (Mechanical Engineering), CFA • Masters in Business Administration, CFA • 13 years experience in portfolio management and stock • 13 years fixed income experience (5 years MENA Fixed research. Income) • Previously with Lion Capital Management, Singapore • Previously with Mashreq Capital, DIFC • Strong focus on value investing, using a top down and • Focused on Issuer/Issue selection with an emphasis on bottom up style of portfolio management. credit analysis Sean Daykin Tim Rose Head of Multi Asset Investments Head of Real Estate • Bachelor of Commerce in Valuation and Property • BSc (Hons) Computer Science with Economics, MBA, Management , Post Graduate Diploma in Commerce, Associate of the CFA Institute, ASIP, Fellow of the Registered Valuer in New Zealand, and a Senior Chartered Institute for Securities & Investment Member of the New Zealand Property Institute. • 22 years investment experience across asset classes • 18 years experience in the Real Estate sector, with 8 of • Previously with Aviva Investors (UK and US), Gulf those in the region Investment Corporation (Kuwait) and ADIA (UAE). • Previously with the DIFC 10
Table of contents Emirates NBD Asset Management Asset Management team Flagship fund range 11
Fund range covers all major asset classes Emirates NBD Asset Management has a long and established track record in managing funds across the board: Shari’a 2013 YTD Fund size S&P Conventional 2013 YTD Fund size S&P funds performance $m graded compliant funds performance $m graded Fixed Income Fixed Income Emirates Global Emirates MENA -2.287% 125 -2.64% 181 Sukuk Fund Fixed Income Fund Emirates Islamic 0.48% 93 MENA Equities Money Market Fund Emirates MENA Top MENA Equities 21.64% 121 Companies Fund Emirates MENA 8.72% 78 Emirates MENA High Opportunities Fund 14.56% 49 Income Fund Global Funds Global Funds Emirates Islamic Global Balanced 0.64% 27 Emirates Active -0.88% 36 Fund Managed Fund Emirates Emerging -16.42% 24 Emirates Balanced Market Equity Fund -1.53% 26 Managed Fund Real Estate Emirates Emirates Real Conservative -1.47% 17 5.99% 234 Estate Fund* Managed Fund Source: ENBD Asset Management, as at 31 st August 2013, lowest costed share class, bid to bid, USD terms with net income reinvested. * NAV and Fund size is as at 30 th June 3013. 12
The Emirates MENA Top Companies Fund The fund is a daily traded, open ended fund Asset class Current Min Neutral Max domiciled in Jersey, Channel Islands. This conventional mandate invests in both listed and unlisted securities and may, from time to time, Equity 92% 70% 90% 97% include collective investment schemes or Fund managed accounts. The fund aims to provide objective Cash & cash corporate, institutional and high net worth 8% 3% 10% 30% equivalent investors with a professionally managed means of participating in equity investments across a Other range of GCC and MENA markets. The fund is 0% 0% 0% 25% investments graded Silver by S&P. 1 mth 3 mth YTD 12 mth Inception 15 3 year performance Fund % % % % % 14 13 EMTCF -0.9 4.4 21.6 22.1 8.1 NAV 12 11 10 9.9 Benchmark* -1.7 1.9 10.0 -19.1 9 Relative 0.8 2.5 11.6 12.2 27.2 EMTCF Benchmark Source: Emirates NBD Asset Management. as at 31 st August 2013. Benchmark 90% MSCI Arabian Markets Domestic Index and 10% total return 3 month LIBOR. 13
The Emirates MENA High Income Fund Asset class Current Min Neutral Max The fund is traded daily and is an open ended Equities (direct fund domiciled in Jersey, Channel Islands. This 79% 60% 80% 98% & synthetic) is a conventional mandate and invests primarily Fund Fixed income 2% 0% 15% 30% in equities, but also takes exposure to other objective suitable asset classes such as fixed income. 19% Cash 2% 5% 20% Through its mix of underlying investments, the Other fund offers potential for capital growth. 0% 0% 0% 15% investments 12 1 mth 3 mth YTD Inception 3 year performance 1.4 Fund mth % % % % 1.3 % 1.2 NAV 1.1 EMHIF -1.4 3.0 14.6 16.0 71.6 1 0.9 8.8 0.8 Benchmark* -1.5 1.7 8.9 45.2 7.2 Relative 0.1 1.3 5.7 26.4 EMHIF Benchmark Source: Emirates NBD Asset Management. as at 31 st August 2013. Benchmark 80% MSCI Arabian Markets Domestic Index and 20% total return 3 month LIBOR. 14
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