Egypt's health min. inks deal with eFinance to launch nationwide e-payment system    Egypt backs Sudan sovereignty, urges end to El-Fasher siege at New York talks    Egyptian pound weakens against dollar in early trading    Egypt's PM heads to UNGA to press for Palestinian statehood    As US warships patrol near Venezuela, it exposes Latin American divisions    More than 70 killed in RSF drone attack on mosque in Sudan's besieged El Fasher    Al-Wazir launches EGP 3bn electric bus production line in Sharqeya for export to Europe    Egypt, EBRD discuss strategies to boost investment, foreign trade    DP World, Elsewedy to develop EGP 1.42bn cold storage facility in 6th of October City    Global pressure mounts on Israel as Gaza death toll surges, war deepens    Cairo governor briefs PM on Khan el-Khalili, Rameses Square development    El Gouna Film Festival's 8th edition to coincide with UN's 80th anniversary    Cairo University, Roche Diagnostics inaugurate automated lab at Qasr El-Ainy    Egypt expands medical, humanitarian support for Gaza patients    Egypt investigates disappearance of ancient bracelet from Egyptian Museum in Tahrir    Egypt launches international architecture academy with UNESCO, European partners    Egypt's Sisi, Qatar's Emir condemn Israeli strikes, call for Gaza ceasefire    Egypt's Cabinet approves Benha-Wuhan graduate school to boost research, innovation    Egypt hosts G20 meeting for 1st time outside member states    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Egypt seeks Indian expertise to boost pharmaceutical industry    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egyptian, Ugandan Presidents open business forum to boost trade    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



NBAD Cautious Income Fund To Distribute Semi-Annual Dividend Of 1.97%
Published in Amwal Al Ghad on 07 - 10 - 2012

The National Bank of Abu Dhabi's (NBAD) Cautious Income Fund will make a semi-annual distribution of 1.97% on the back of strong performance and robust asset growth.
The Dividend is earned from its inception on September 27, 2011 making an annualized yield of 3.44%.
The Cautious Income Fund, launched to meet market's demand for low risk investment products, invests in fixed income instruments. In its first year, the Fundhas enjoyed successful growth to become the largest of its kind in the UAE by reachingUSD151 million (AED555 million). The Fund's performance has been strong with the return to 4th October2012 standing at 6.45%, an annualized return of 11.46%.
“Just as we set out to do, the Cautious Income Fund hasdelivered strong, low risk returns to our clients since its inception," said Mark Watts, Head of Fixed Income at NBAD's Asset Management Group. “The Cautious Income Fund allows investors access to our bond expertise that up until now was only available to corporate and institutional clients. Alongside its sister fund, the NBAD Sukuk Income Fund, which invests purely into Shari'a compliant investments, the Cautious Income Fund gives our clients full access to the regional bond market in a simple and attractive package with subscription on a weekly basis."
Looking at the outlook for markets, Mr. Watts, who is the manager of the Cautious Income Fund, said: “We expect the fundamentals for the Fund to be positive over the coming 12 months. Liquidity globally will remain plentiful thanks to actions by the European and US Central Banks, in addition, elevated oil prices have provided a welcome boost to the GCC region and we expect local economies to continue to buck the global economic trend and provide solid returns for investors."
The Cautious Income Fund's yield is based on the Fund's net Asset Value on September 27th, 2012, which stood at US$5.299. All investors as of that day are eligible to receive dividends.
Investors, at the point of subscription, may opt to reinvest the dividend into the Fund instead of receiving a payout.
The NBAD Cautious Income Fund meets the need of investors who desire a low-risk product that would hedge against the uncertainty of equities market and real estate investment
The NBAD Cautious Income Fund is open ended and actively managed under the NBAD Growth Fund range. It is open to institutional and personal investors who can invest at least USD500.
The Fund invests in a range of bonds and money market instruments predominantly in the UAE and wider MENA region. NBAD's Asset Management Group, the fund manager, diversifies the Fund by paying close attention to risk minimisation. The vehicles of investment include government and government-related entities as well as select corporations that fit the Fund's profile.
NBAD's Asset Management Group (AMG) is one of largest asset managers in the region with AED4.1 billion under its management. It introduced the region's first Exchange Traded Fund (ETF), 1UAE Share, which began trading in the Abu Dhabi Securities Exchange (ADX) on March 25, 2010.
Press Release


Clic here to read the story from its source.