Arab Bank Asia Dynamic Fund wins Lipper-Reuters award

Lipper, a company specializing in assessment and comparison of investment funds, selected the AB Asia Dynamic as a winner of the award in recognition of its excellent performance over the past year.

Jawdat Al-Halabi Executive Vice President of AB Private Banking, Arab Bank's Private Banking division, said the award reflects the Bank's keenness to upgrade its investment services, underlining the Bank's policy to diversify options offered to investors that ensure them favorable returns through applying feasible and modern asset management models.

Al-Halabi noted that the Fund invests across a range of Asian equity markets in order to participate in the growth and development of the region, adding that the Fund's investment adviser follows a high conviction approach based on fundamental, bottom up and top down stock selection.

Al-Halabi indicated that the manager of the Fund, Arab Bank Fund Managers (Guernsey) Ltd has allowed the Investment Adviser the flexibility to protect the portfolio from volatile conditions (market downturns) by holding cash and/or hedging instruments.

This style sets the fund apart from the "crowd", he said.

The Fund was established in September 2001 and relaunched in December 2006 with a new mandate and updated policies that took into account the changes that had occurred in the Asian markets at that time and that embrace diversity in investments and seeks to ensure the best returns on investments in the long run.

The Investment Adviser's team managing the Fund's portfolio is locally based in Hong Kong, close to the markets it invests in, allowing it to react to developments quickly and decisively.

The Investment Adviser, meanwhile, adds breadth of experience, philosophy, innovation and culture, among other qualities to the investment process.

Lipper was established in 1973 as a specialized agency in analyzing and rating investment funds. In 1998, it became of the companies affiliated with Reuters.