Thursday, May 23, 2024
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Emirates NBD Asset Management Opens its first DIFC Public Fund

In the Dubai International Financial Centre (DIFC), FundStar (OEIC) PLC is the first publicly traded fund established by Emirates NBD Asset Management, the asset management branch of Emirates NBD.

Emirates NBD Asset Management, a company regulated by the Dubai Financial Services Authority (DFSA), established FundStar as a holding company for several feeder funds and master funds in various asset classes and regions. These include fixed income and equity, as well as conventional and Shari’ah-compliant multi-asset strategies.The launch of FundStar comes at a crucial time in the UAE’s investment landscape, according to Tariq Chaudhary, Group Head of Wealth Management at Emirates NBD. We are thrilled to announce the launch of an onshore-eligible platform that offers locally regulated solutions to support many of our retail investors’ investment objectives.

Marwan Hadi, group head of retail banking and wealth management at Emirates NBD, said: “As a financial institution that leads the region in innovation and technology, we are proud to launch FundStar, a local platform that will utilize our regional and Shariah-compliant capabilities to offer best-in-class solutions to the regional investor while reflecting our commitment to supporting the growing needs of financial markets in the region.

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Thursday, May 23, 2024

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