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News

ADCB Al Nokhitha Fund awarded Best Fund over 3 years, Equity, United Arab Emirates
at Thomson Reuters Lipper Fund Awards 2015 for the Arabian Markets

17 June 2015


Abu Dhabi, 17 June 2015 : 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 program honors 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 providing its customers with efficient and transparent investment solutions, to help them realizing 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 honor to have such achievement recognized through an award which follows a stringent, transparent and globally consistent selection methodology. The Lipper Award is a testament to our proven investment process and risk management."