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A total of 17 candidates secured the All India Rank (AIR) 1 as per the final results while earlier the number was 67
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NBAD’s 1UAE wins best ETF accolade
ABU DHABI - The National Bank of Abu Dhabi’s NBAD OneShare MSCI UAE ETF, or 1UAE, has won the “Best Exchange Traded Fund of the Year” honour at the Mena Fund Manager Awards.
NBAD’s 1UAE is the region’s first ETF. The fund, which trades under the ticker symbol 1UAE, began trading on the Abu Dhabi Securities Exchange in March 2010.
As of the end of October 2012, 1UAE had a return of 28.54 per cent, and for the month of January 2013 alone the fund had a return of 15.93 per cent. The fund’s net asset value rose above six.
“Introducing an exchange traded fund to the region was an imperative move by NBAD and the 1UAE has proved to be a resilient investment tool,” said Saleem Khokhar, the head of equities at NBAD’s Asset Management Group. “Our strategy in 1UAE has succeeded and its success is recognised by the industry.”
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