Dubai PR Network, Online Press Release from Dubai and Middle East
 
Banking & Insurance(Banking & Investments)
Filter PR by
  
ADCB launches first Target Date Fund in MENA region
 

New investment options set to help expatriates in the UAE secure a comfortable retirement in their silver days 

Abu Dhabi, UAE, September 25, 2017:   Leading regional bank, Abu Dhabi Commercial Bank (ADCB) has announced a new range of investment options, Target 2025 and Target 2035. These venture opportunities are designed to help expatriates in the UAE secure a comfortable retirement by bridging the gap between mandatory end of service benefits and actual retirement needs. 

Numerous industry surveys demonstrate that expatriates in the UAE population ranks amongst the lowest in the world in terms of retirement savings. This is due largely to factors such as lack of suitable products and a general misunderstanding of level of savings needed to retire comfortably.

“The general apathy towards retirement savings amongst expatriates in the UAE is highly concerning” said Mark Friedenthal, Chief Investment Officer, ADCB. “The introduction of our Target Date Fund, will offer clients a risk appropriate retirement saving solution that they can buy and hold with the knowledge and comfort that their savings are in safe hands. In fact, we hope the low-cost simplicity and efficiency of the new Target Fund series will encourage individuals in the UAE to allocate more of their income towards retirement savings.”

A first-of-its-kind in the MENA region, the new Target Fund series is unlike traditional life-stage and target-risk funds in that these new funds adapt to the changing needs of the investor as they progress through life towards retirement. They automatically reset the asset mix of stocks, bonds and cash equivalents in its portfolio according to a selected time frame that suits an investor.  In effect, they offer a lifelong investment strategy that remain appropriate to an investor’s risk profile even if left un-reviewed.

Target-date funds’ allocation mix reflects investments in return-seeking assets, such as equities, in early years investors’ when risk capacity is higher. Over time, the investments of these funds typically become more conservative by switching progressively towards capital-preservation assets, such as bonds.

In the US, a 10-year trend has seen allocations to hybrid funds increase to as target date options have been driven by more plans installing automatic-enrollment features, making target-date funds the default investment options.  Closer to home, this type of funds offer a convenient multi-asset retirement savings strategy that is suitable for UAE residents of all age categories who may not have prioritized saving for their silver years.

While being marketed predominantly in the UAE, the Target 2025 and Target 2035 funds are truly international, underpinned by the fact that they are being launched through ADCB’s offshore UCITS fund platform in Luxembourg. Furthermore, ADCB is partnering with US based Principal Global Investors, a world leader in managing target-date and multi-asset funds, managing well over USD300Billion in more than 70 countries to maximise returns to customers in the UAE by anchoring investments on depth of research, a wide breadth of industry knowledge and reach of business. 

With extensive experience in managing mutual funds and offering wealth management solutions, ADCB is now pioneering a new category of investments to help UAE residents manage funds today for a better retirement tomorrow. With various accolades under its belt for its investment and fund management services, ADCB’s new Target 2025 and Target 2035 will be available from 16 October, 2017. 


Posted by : Dubai PR Network Editorial Team
Viewed 6728 times
PR Category : Banking & Investments
Posted on : Monday, September 25, 2017  12:46:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Mashreq offers its cardholders Triple Rewards at GITEX Shopp...
Next Story : Mashreq Bank Accelerates Branch Automation Journey With Dieb...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Fresh Hair in an Instant with SHOW Beauty [13609-Views]
Amadeo® Fleurier 39 “Fan” [11742-Views]
Mother's Day Gift Guide 2018 from The Little Birdy Group [10181-Views]
Show/Pop-up Event “Pret-A-Cover™ Buyers Lane” to Be Launched in Dubai From March 28th to A... [10169-Views]
Moreish Café in Dubai introduces a healthy Quinoa Burrito [9608-Views]
True Colours [9467-Views]
Robinsons Honored for Outstanding Store Design [9333-Views]
Splash receives 2 awards [8760-Views]
UAE Team Emirates' Mirza Takes Gold at Asian Cycling Championships [8503-Views]
Phenomenal development in falconry racing from small beginnings: HHC Deputy CEO [8485-Views]
WGS 2018: Opening Session Highlights Importance of Embracing Smart Living to Enhance Quali... [8363-Views]
RAK Hospital launches the biggest weight-loss challenge in association with MoHAP, RAK [7509-Views]
2XL launches Malmo Bed with floral designs for a vintage shabby chic inspired master bedro... [7161-Views]
Food Lovers Rejoice: Dubai Food Festival Is Back This Month [6814-Views]
Bridal Glow is Skin Deep: Tips for every bride-to-be in 2018 [6759-Views]
Mealtop, Introducing a Whole New Dessert Experience [6167-Views]
Optim-Eyes Lashes & Brows with Filorga [6070-Views]
Al Ahli Holding Group to redefine the UAE value shopping category through an AED 1.25 bill... [5850-Views]
NEZO launches new identity to guide consumers in selecting the best salt for their culinar... [5319-Views]
Safilo Group Reveals Its Spring/ Summer 2018 Collection [5307-Views]
WGS 2018: Governments Need to Prioritize Wellbeing of Citizens, Say International Experts [5264-Views]
Redefining the Skin Clinic Experience. #allnewkaya opens in Muscat City Centre! [5264-Views]
The new BMW HP4 RACE arrives at Abu Dhabi Motors – one of just 750 built [5228-Views]
The Robots Are Coming: Ministry of Finance Brings Artificial Intelligence to Dubai in a Bi... [5136-Views]
Leading Scientists, Astronauts Share Insights on why Space Exploration Matters at WGS 2018... [4984-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories