Dubai: Emirates NBD Asset Management’s association with Jupiter Asset Management has borne rich returns three years after entering into a partnership.
The partnership, which manages four strategies including the Emirates Emerging Market Equity Fund — which on a year-to-date basis has outperformed the MSCI Emerging Markets Islamic Index. The Emirates Emerging Market Fund averaged 20.19 per cent returns compared to MSCI Emerging Islamic Index returns of 14.12 per cent.
“We believe our focus on retaining the best investment talent, preserving our culture of investment freedom and individual accountability, together with an emphasis on stock-specific analysis, puts us ahead of the curve and helps us in our aim of delivering outperformance to clients over the medium- to long-term,” said Kevin Scott, head of Europe, the Middle East and Africa at Jupiter Asset Management.
Emirates NBD Asset Management’s emerging market strategies include the Emirates Emerging Market Corporate Bond Absolute Return Fund. This fund has performed well, both on an absolute and relative basis, and has consistently been in the top quartile throughout 2016, returning 16.27 per cent on a year-to-date basis and with a current yield of 5.64 per cent.
The fund’s performance has been supported by factors that include an accommodative monetary policies by major central banks and lower yields in developed markets, which have made emerging market debt more attractive.
