First Bank of Abu Dhabi (FAB) has announced that it has raised approximately $200 million in assets under management (AUM) through its Fixed Maturity Portfolio (FMP).
Publish dateThursday 24 October 2024 - 16:08
According to Amac News: First Bank of Abu Dhabi (FAB) announced that the portfolio includes the second series of FAB's conventional fixed maturity portfolio, following the successful launch of the first series in 2023, as well as the bank's first Shariah-compliant FMP.
Launched to meet the various investment needs and preferences of FAB clients, these funds are made available to professional investors and held for a period of three years, according to the announcement.
The announcement said that the portfolios are designed to have high returns with quarterly dividends paid or reinvested.
Income from bonds and Sukuk is carefully selected across regions and sectors, offering a diverse portfolio of fixed income instruments to reduce volatility and risk.
Launched to meet the various investment needs and preferences of FAB clients, these funds are made available to professional investors and held for a period of three years, according to the announcement.
The announcement said that the portfolios are designed to have high returns with quarterly dividends paid or reinvested.
Income from bonds and Sukuk is carefully selected across regions and sectors, offering a diverse portfolio of fixed income instruments to reduce volatility and risk.
amacnews.com/vdce.o8zbjh8vxk1ij.html
Source : news agency wam
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