NBAD Fund Named Best ETF in MENA


First Abu Dhabi Bank - FAB
10.55 -0.10 -0.94%
09/02/2014 08:25 AST

The National Bank of Abu Dhabi (NBAD) OneShare MSCI UAE ETF has been named “Best Exchange-Traded Fund” by judges at the MENA Fund Manager Performance Awards 2014.

The accolade follows NBAD’s Asset Management Group recent recognition as Asset Manager of the Year by the prestigious Global Investor/ISF for its superior performance and commitment to innovate products to meet the ever expanding demands of investors.

“NBAD OneShare has provided UAE investors an efficient tool to tap into broad market exposure and it has offered international investors an ideal means to access the exciting opportunities available in our local companies. The ETF is likely to be the vehicle of choice for passive Emerging Market Funds once UAE is upgraded to MSCI Emerging Market status in June,” says Saleem Khokhar, the Head of Equities at NBAD’s Asset Management Group. “This ETF has provided an investment tool that stands out not only as the region’s first ETF but as a truly outstanding product.”

NBAD OneShare, launched in March 2010 by NBAD, made history by being the region’s first ETF. Previously named NBAD OneShare Dow Jones UAE 25 ETF, it has won a number of awards and recognitions including being named the Best Investment Product by Banker Middle East magazine.

NBAD OneShare, traded on the Abu Dhabi Securities Exchange (ADX) under the ticker symbol 1UAE, offers investors the opportunity to buy shares in the Fund like any other shares. The ETF seeks to provide long term capital appreciation through the replication of the performance of its benchmark index MSCI UAE IMI Index (the "Index"). It attempts to replicate the investment performance of the Index by purchasing each constituent of the Index, in approximately the same weight as it appears in the Index. The Index is comprised of UAE large, mid and small cap companies listed or traded on United Arab Emirates Stock Exchanges.

Press Release
First Abu Dhabi Bank - FAB
2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | News Archive
Most Viewed Companies
Ticker Price Volume
QNBK 141.9 88,465
AMLAK 1.11 5,867,712
GFH 0.58
DEYAAR 0.53 2,148,270
SABIC 100.2 1,959,325
BKMB 0.36 2,845,456
DU 5.67 2,648,775
Recent News

STC announces the interim dividends for the Second Quarter 2017
In accordance with the approved dividend policy for three years starting from the 4th quarter 2015 which was announced on 11 November 2015, and have been ratified during the General Assembly Meeting

European stocks riding high in early trade
Strength among commodity firms and banking stocks as well as a string of solid updates boosted European shares in early deals on Tuesday.

Earnings season remains front and centre for equit

'UAE Week' planned in Japan in Q1 2018
Plans are under way to organise a ‘UAE Week’ in Japan during the first quarter of 2018, participated by officials from the public and private sectors, it was revealed today.

The announceme

Saudi Arabia has set precedence with its VAT legislation,UAE needs
You may recall that I once described the GCC framework as the master plan and the value added tax (VAT) law as the building regulations for a six-site residential compound. Each country's VAT law rep

Sterling steadies near one-week high above $1.30
Sterling steadied close to a one-week high just above $1.30 on Tuesday, with hopes for increasing political stability and an upbeat business survey lending support to the currency.

Data s

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Looking ahead, what change you are more likely to make in investing in your domestic stock market?