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Emirates NBD Asset Management funds added to Hansard
Muzaffar Rizvi / 13 February 2011
DUBAI — Emirates NBD Asset Management Limited on Saturday announced that it had teamed up with Hansard International to promote a number of its funds through the Hansard platform.
According to the agreement, Hansard has established links to three Shariah-compliant funds managed by Emirates NBD Asset Management: the Emirates Islamic Money Market Fund, Emirates Islamic Global Balanced and Emirates MENA Opportunities Fund, which will be promoted through its platform to clients in the Middle East and Far East.
“Investor confidence is key to the business of Asset Management and this confidence is significantly enhanced by positive partnerships,” said Deon Vernooy, Head of Emirates NBD Asset Management. “The tie up with Hansard, which has established a strong presence in this sector, will enable us to extend the reach of our funds to more investors, especially in Asia where we are now represented.”
Emirates NBD Asset Management is a wholly-owned subsidiary and the asset management division of Emirates NBD, and manages over $1.6 billion across a range of funds and asset classes. These include the MENA equity and fixed income funds and a suite of global risk profiled funds. “Our extensive research clearly indicates a growing demand for strong performing Islamic products. The unique solutions provided by our Islamic funds, plus Hansard’s powerful product and distribution reach into populous Islamic nations such as Malaysia, should be a winning combination. We look forward to working with Hansard on this and other projects in the future,” Vernooy added.
Hansard focuses exclusively on developing, providing and supporting a range of flexible, tax-efficient, life assurance “wrapped” investment products and solutions for international clients.
“International advisers are always seeking new financial opportunities. With Emirates NBD Asset Management we are opening the door for advisers to recommend Shariah- compliant funds and providing a method to achieve exposure to the resource rich Arabian continent,” Graham Crutchley, Regional Manager for Hansard Middle East, said. The tie-up provides an opportunity for investors to access Shariah-compliant asset classes for the first time, including money markets, an Islamic global balanced product and an Islamic MENA fund.
The addition of Emirates NBD managed Shariah-compliant funds to the Hansard platform is in recognition of the superior profit rates in the Islamic space and the significant growth opportunities in the Middle East and North Africa. Two other ‘A’ rated multi asset funds have also been included.
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