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TNI UAE Blue Chip Fund celebrates 22% return since inception in May 2005
- United Arab Emirates: Wednesday, May 28 - 2008 at 16:19
- PRESS RELEASE
The National Investor (TNI), one of the region's leading merchant banks is celebrating the third anniversary of one of its flagship funds, the TNI UAE Blue Chip Fund which has returned +22% since inception in May 2005.
TNI UAE Blue Chip Fund has returned +4.8 percent year-to-date compared to its benchmark's -3.8% return.
The fund's current net asset value (NAV) is Dhs12.22 and its top holdings include ArabTech, Etisalat, Aldar and Emaar.
Allocations are based on fundamental research and incorporate a blend of top-down and bottom-up analysis.
The fund manager, Walid Hayeck said: "TNI UAE Blue Chip Fund is just one of a suite of GCC and MENA focused funds that TNI manages. Our consistent out performance is attracting global attention, including interesting institutional mandates and we are in the process of restructuring to accommodate such interest as soon as possible."
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Posted by Eman Hassan
