NBAD Fund named Best ETF in MENA
The National Bank of Abu Dhabi (NBAD) OneShare MSCI UAE ETF has been named “Best Exchange-Traded Fund” by judges at the MENA Fund Manager Performance Awards 2014.
The accolade follows NBAD’s Asset Management Group recent recognition as Asset Manager of the Year by the prestigious Global Investor/ISF for its superior performance and commitment to innovate products to meet the ever expanding demands of investors.
“NBAD OneShare has provided UAE investors an efficient tool to tap into broad market exposure and it has offered international investors an ideal means to access the exciting opportunities available in our local companies. The ETF is likely to be the vehicle of choice for passive Emerging Market Funds once UAE is upgraded to MSCI Emerging Market status in June,” says Saleem Khokhar, the Head of Equities at NBAD’s Asset Management Group. “This ETF has provided an investment tool that stands out not only as the region’s first ETF but as a truly outstanding product.”
NBAD OneShare, launched in March 2010 by NBAD, made history by being the region’s first ETF. Previously named NBAD OneShare Dow Jones UAE 25 ETF, it has won a number of awards and recognitions including being named the Best Investment Product by Banker Middle East magazine.
NBAD OneShare, traded on the Abu Dhabi Securities Exchange (ADX) under the ticker symbol 1UAE, offers investors the opportunity to buy shares in the Fund like any other shares. The ETF seeks to provide long term capital appreciation through the replication of the performance of its benchmark index MSCI UAE IMI Index (the “Index”). It attempts to replicate the investment performance of the Index by purchasing each constituent of the Index, in approximately the same weight as it appears in the Index. The Index is comprised of UAE large, mid and small cap companies listed or traded on United Arab Emirates Stock Exchanges.
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National Bank of Abu Dhabi (NBAD)