There have been a series of school fires in the country in recent years, many of them which have turned out to be arson
Both Portfolios performed strongly in recent months and the Advisory Board of the Emirates Flagship Fund has now endorsed additional dividends to be paid to both the portfolios' investors.
In May 2002, the Emirates Flagship Fund redefined its objective to focus on income distribution. Since then, stock and cash dividends of 78.5 per cent have been paid. In the last two years, the Fund's payout was 26.14 per cent in 2003 and 28.5 per cent in 2004 respectively.
The current calendar year in 2005 has therefore begun well; with a 20 per cent and 15 per cent dividend payout in the second month itself to the CMP and RBP investors respectively.
The Emirates Flagship Fund segregated the Fund into two portfolios. The Capital Markets Portfolio (CMP) invests regionally and internationally as well as opportunistically in Initial Public Offerings (IPOs) and private equity. The CMP targets high value and institutional customers, who require regular income distribution but also expect active management of the underlying investments.
The Retail Balanced Portfolio on the other hand, is at the lower end of the risk spectrum and is a stable portfolio of good quality debt securities and blue chip domestic equities.
Both these two portfolios have established an excellent track record.
There have been a series of school fires in the country in recent years, many of them which have turned out to be arson
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