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.
The head of legal affairs at First Abu Dhabi Bank has resigned due to personal reasons, two sources aware of the matter said on Wednesday.
Samer Abdelhaq, who took over as group general co
First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest financial institutions, has been named ‘Most Innovative Investment Bank’ for the Mena region, at The Banker’s prestig
First Abu Dhabi Bank (FAB), the UAE’s largest bank, has announced the latest score of its Wealth Sentiment Index (WSI), has decreased from 1040.66 in July to 1017.37 in August, reflecting a 2.2 per c
Avid Apple consumers will have to wait until later next month to order the new iPhone X but etisalat announced on Friday that it will begin offering the new generation iPhone 8 starting Saturday, Sep
HSBC Saudi Arabia successfully led the execution of the first accelerated bookbuilding (ABB) process in the Kingdom with the sale of 16,000,000 shares in Almarai Company. The sale represents a 2 perc
The Company for Cooperative Insurance (Tawuniya) has launched a comprehensive private motor insurance program. Al-Shamel program offers vehicle owners an insurance cover for any accidental loss or da
Materials makers A. Schulman Inc. and Saudi Basic Industries Corp. each recently won awards for their customer service and for the quality of their materials.
Fairlawn, Ohio-based Schulman
Emirates NBD inspires more customer loyalty than other UAE banks and has the highest trust levels in the country according to a new report released on Thursday.
The Bank Brands Customer Loya