The National Bank of Abu Dhabi's NBAD OneShare Dow Jones UAE 25 ETF has been named the Best Investment Product in the prestigious Banker Middle East Products Award 2011 sponsored by Banker Middle East magazine.
NBAD OneShare was voted the Best Investment Product by the Bank's peers, beating more than half a dozen other products nominated for this award.
"The National Bank of Abu Dhabi has a proud history of delivering best in class investment products and this award for one of NBAD's groundbreaking products confirmed again that our investment businesses continue to be recognised as the market leader," said Rudiger von Wedel, the Senior General Manager of Global Wealth NBAD.
"The National Bank of Abu Dhabi is totally committed to offering our customers products that are built to international standards with a local flavour and NBAD OneShare is an example of it." As an ETF, NBAD OneShare, traded on the Abu Dhabi Securities Exchange under the ticker symbol 1UAE, offers investors the opportunity to buy shares in the Fund like any other share. The Fund follows the performance of the Dow Jones UAE 25 Total Return Index' and provides investors with exposure to 25 blue-chip companies from across the UAE. The Fund was designed by the Bank's Asset Management Group (AMG).
"NBAD OneShare was the product of meticulous planning by the AMG team to assure that we offer something that stands out not only as the region's first ETF but as a truly outstanding product," said Alan Durrant, the Chief Investment Officer at NBAD's Asset Management Group.
"NBAD OneShare was tailored to present local investors with an efficient way of gaining broad market exposure and to offer international investors an ideal means to access the exciting opportunities available in our local companies", he added.