Abu Dhabi Commercial Bank has received award for Best Fund over 3 years, Equity, UAE
Abu Dhabi - Arab Today
Abu Dhabi Commercial Bank, ADCB, Al Nokhitha Fund, has recently received an award for the "Best Fund over 3 years, Equity, United Arab Emirates" at the Thomson Reuters Lipper Fund Awards, 2015, for the Arabian Markets.
The Lipper Fund Awards programme honours funds that have excelled in delivering consistently strong risk-adjusted performance, relative to peers.
ADCB's Al Nokhitha Fund comes in line with the bank's efforts to provide its customers with efficient and transparent investment solutions, to help them realise their ambitions. An open-ended investment fund, Al Nokhitha Fund's objective is to achieve medium to long-term capital growth and a reasonable level of income by investing primarily in equities listed on Abu Dhabi Securities Exchange, ADX, Dubai Financial Market, DFM, and NASDAQ Dubai.
Mark Friedenthal, Chief Investment Officer, Asset Management at ADCB, said, "This award is a reflection of our spectacular performance in 2014, which saw Al Nokhitha Fund beat its benchmark by over 20%. It is a great honour to have such an achievement recognised through an award which follows a stringent, transparent and globally consistent selection methodology."