Dubai PR Network, Online Press Release from Dubai and Middle East
 
Money, Business & Investments(Banking & Investments)
Filter PR by
  
Al Mal Capital signs strategic partnership with Azimut to launch UCITS MENA Equity Fund
 

Dubai, November 7, 2017:  Al Mal Capital PSC (AMC), a subsidiary of Dubai Investments PJSC and a diversified, multi-line investment institution licensed and regulated by the Central Bank of the UAE, has signed a partnership agreement with Azimut Group to jointly launch a Middle Eastern equity fund. 

The Fund will be established by AZ Fund Management S.A., Azimut Luxembourg fund management company within its UCITS umbrella fund. The Fund will integrate the distinctive investment advisory capabilities of AMC with the Group’s global portfolio management team, comprising more than 100 professionals across its international network. The Fund will be branded AZ Fund Al Mal MENA Equity to reflect the strategic partnership between the two companies. Azimut will add the Fund to its global franchise, including third parties’ distribution channels.

The strategic cooperation signed by the two companies also includes joint marketing initiatives to cater the demand from the respective commercial franchises; access to Azimut’s existing range of investment capabilities for regional investors through AMC’s wealth management platform.

Naser Nabulsi, Vice Chairman and CEO of Al Mal Capital, said: “The partnership with Azimut is a major milestone for Al Mal Asset Management growth strategy. With more than USD 50 billion in Assets Under Management, Azimut is one of the largest and fastest growing Asset Managers in Europe and we are very pleased to have them as a partner. Thanks to Azimut UCITS umbrella platform and their global distribution footprint, Al Mal’s highly successful MENA equity strategy will now be accessible to institutional and private investors around the world”.

Sergio Albarelli, CEO of Azimut Holding, comments: 'The strategic partnership with Al Mal Capital is a key step forward in our strategy across the MENA region which also aims to leverage our presence in the Dubai International Financial Center (DIFC) through AZ New Horizon, our local integrated financial advisory platform. The new Fund will complement our regional expertise centered on AZ Fund Global Sukuk, which is today one of the largest Shariah compliant UCITS funds investing in the asset class. This partnership fosters Azimut’s commitment in strengthening its global investment management platform, including strategic product partnerships for specialized regional strategies, as well as the Group’s continuous investment towards active management to generate value for clients versus passively managed portfolio.'

AMC is one of the largest independent asset management companies in the United Arab Emirates and since 2005 manages Middle East and UAE focused stocks portfolios with AUM of USD 250 million currently, through onshore funds and mandates for local investors.

The AL MAL MENA Market Equity Fund generated returns of +14.82% year to date, or +13.90% above the benchmark (S&P Pan Arab large Cap Index). AMC investment process primarily follows a high conviction deep research approach, maintaining a 3 to 5 years’ investment horizon and focusing on business performance, effective capital allocation and management quality. The process is also combined with thorough top down macro analysis enabling a unique coverage of the portfolio varied geographic exposure.


Posted by : Dubai PR Network Editorial Team
Viewed 4453 times
PR Category : Banking & Investments
Posted on : Tuesday, November 7, 2017  9:55:00 AM 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 : Strong UPS Execution Drives Positive 3Q Results
Next Story : Al Naboodah Group Enterprises Kicks Off Sustainability Week
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
MAC - Hyper Real Glow [22088-Views]
M∙A∙C Mineralize Total Detox [21210-Views]
Introducing Vitabrid C12, a brand-new, proprietary form of active Vitamin C being used for... [20539-Views]
5 things to know about collagen [12920-Views]
Fresh Hair in an Instant with SHOW Beauty [12548-Views]
PUMA and Sahntell Martin Unveil Debut Collection [10834-Views]
Amadeo® Fleurier 39 “Fan” [9833-Views]
Show/Pop-up Event “Pret-A-Cover™ Buyers Lane” to Be Launched in Dubai From March 28th to A... [9382-Views]
Moreish Café in Dubai introduces a healthy Quinoa Burrito [8808-Views]
Mother's Day Gift Guide 2018 from The Little Birdy Group [8674-Views]
True Colours [8485-Views]
Robinsons Honored for Outstanding Store Design [8461-Views]
UAE Team Emirates' Mirza Takes Gold at Asian Cycling Championships [7906-Views]
Phenomenal development in falconry racing from small beginnings: HHC Deputy CEO [7869-Views]
World-renowned Air Sculpture Artist Daniel Wurtzel collaborates with LG PuriCare™ air puri... [7832-Views]
WGS 2018: Opening Session Highlights Importance of Embracing Smart Living to Enhance Quali... [7723-Views]
MB&F M.A.D. Gallery presents aeronautical artwork "Nose Art” by French photographer M... [7454-Views]
Dubai Culture Announces an Exciting Line-up of Artists for SIKKA Art Fair 2018 [7308-Views]
Splash receives 2 awards [7125-Views]
Arab Duo Showcase Team's Potential in Final Stage of Dubai Tour [7052-Views]
RAK Hospital launches the biggest weight-loss challenge in association with MoHAP, RAK [6368-Views]
UAE Exchange Partners with Ripple for Instant Cross-Border Payments [6289-Views]
Bridal Glow is Skin Deep: Tips for every bride-to-be in 2018 [5874-Views]
Food Lovers Rejoice: Dubai Food Festival Is Back This Month [5850-Views]
2XL launches Malmo Bed with floral designs for a vintage shabby chic inspired master bedro... [5826-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories