First Abu Dhabi Bank (FAB) has successfully garnered nearly $200 million in assets under management (AUM) via a newly introduced Fixed Maturity Portfolio (FMP), which debuted on October 9, achieving unprecedented subscription rates. This portfolio encompasses the second iteration of FAB’s conventional fixed maturity portfolio, following the triumphant launch of its inaugural series in 2023, alongside the bank’s initial Shariah-compliant FMP.
Designed to cater to the diverse needs and investment inclinations of FAB clients, these funds are accessible to professional investors and span a duration of three years. The FAB Mena Plus Fixed Maturity Portfolio Series 2 offers a net yield of 5.50 percent, while the FAB Sukuk MENA Plus Fixed Maturity Portfolio Series 1 provides a net yield of 4.50 percent. These portfolios are structured to deliver substantial yields, with quarterly dividends either disbursed or reinvested.
The income is derived from meticulously chosen bonds and sukuk across various regions and sectors, presenting a well-diversified array of fixed-income instruments aimed at mitigating volatility and risk. FAB Asset Management’s latest FMP is tailored for income-oriented investors seeking to secure appealing returns and effectively manage risk in a declining interest rate landscape.
With over two decades of regional expertise, FAB Asset Management stands as one of the most extensive MENA-focused managers, boasting investment proficiency across multiple asset classes and a diverse clientele that includes sovereign wealth funds, pension funds, foundations, financial institutions, family offices, insurance companies, and individual investors.
Source link: https://www.khaleejtimes.com
