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Daman Second Emirates Fund's Annualised Dividend Yield Climbs to 3.39 % for FY 2008
The Daman Second Emirates Fund, a UAE-registered open-ended fund regulated by the United Arab Emirates Central Bank and focussed on the UAE equities markets, closed the month of July at a Net Asset Value (NAV) of Dhs118.01 per unit as of July 31st, 2008.
On the dividend front, the Fund has made total dividend payouts of Dhs5 per unit since inception and the annualized dividend yield for 2008 stands at 3.39%. For the month, the Fund recorded a decline of -1.03%, as against the NBAD General Index rise of 0.37%. For the year to date, the Fund has declined by -4.78% as compared to 0.38% rise made by the benchmark NBAD General Index.
Daman Islamic Fund Records 3.93% as Annulaised Dividend Yield
The Daman Islamic Fund, a Shari'ah based, open ended UAE-registered mutual fund closed the month of July at a Net Asset Value (NAV) of Dhs101.89 per unit as of July 31st, 2008.
The Fund has made total dividend payouts of Dhs3.75 per unit since inception and the annualized dividend yield for 2008 stands at 3.93%. For the month, the Fund recorded a decline of -1.09%, as compared to NBAD Islamic Index drop of -0.59% for the corresponding period and for the year to date, the Fund has declined by -8.39% as compared to a decline of -12.20% by the benchmark NBAD Islamic Index.
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Posted by Siba Sami Ammari
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