Register | Forgot password?
Switch to Arabic
Sunday, December 6 - 2009

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.

Article continues below
  • Fund Manager, Walid Hayeck.
    Fund Manager, Walid Hayeck.
The fund is primarily focused on publicly traded equities of UAE firms with large capitalization which present a steady and recurrent track record of earning growth and have a potential for capital appreciation.

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."
Also consider reading:
Log in to request more information from The National Investor (TNI)

Disclaimer:

Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com

Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.

For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions