Fri, Nov 22, 2024 | Jumada al-Awwal 20, 1446 | DXB ktweather icon0°C

FAB Asset Management raises close to $200 million through successful launch of fixed maturity portfolio

Attractive yield opportunities achieve record subscription levels for FAB

Published: Wed 23 Oct 2024, 4:09 PM

Top Stories

First Abu Dhabi Bank (FAB) has raised almost $200 million assets under management (AUM) through a new Fixed Maturity Portfolio (FMP) launched on October 9, marking record subscription levels. The portfolio includes the second series of FAB’s conventional fixed maturity portfolio, following a successful first series roll-out in 2023, as well as the bank’s first Shariah-compliant FMP.

Launched to meet the varying needs and investment preferences of FAB clients, these funds were made available to professional investors and hold a duration of three years – with the FAB Mena Plus Fixed Maturity Portfolio Series 2 yielding a net 5.50 per cent and FAB Sukuk MENA Plus Fixed Maturity Portfolio Series 1 yielding a net 4.50 per cent.

The portfolios have been designed to deliver a high yield with the quarterly dividends paid out or reinvested. The income is generated from carefully selected bonds and sukuk across regions and sectors, offering a well-diversified portfolio of fixed-income instruments to reduce volatility and risk.

FAB Asset Management’s new FMP is ideal for income-seeking investors looking to lock in attractive returns and optimally manage risk in a declining interest rate environment.

Boasting over two decades of regional experience, FAB Asset Management is one of the largest MENA-focused managers, with investment expertise across various asset classes and diverse client base, which includes sovereign wealth funds, pension funds, foundations, financial institutions, family offices, insurance companies and individuals.



Next Story