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Daman Speculator Fund posts year-to-date growth of 1.38%:
The Daman Speculator Fund has recorded a rise of 1.38% in Net Asset Value from Dhs102.76 per unit in December 2008, and ended the first month of the year at a NAV of Dhs104.20 per unit. The Fund's growth brings its total performance since inception to 5.70% and its annualised dividend yield to 3.45%.
Daman Islamic Fund outperforms benchmark with 9.55% annualised dividend yield:
The Daman Islamic Fund, a Shari'ah principle-based, UAE-registered open-ended mutual fund closed the month of January at a Net Asset Value (NAV) of Dhs41.87 per unit, spelling a month-to-date decline of 1.04%. However, despite the decline, the Fund displayed encouraging performance in comparison with the NBAD Islamic Index drop of 5.82% for the corresponding period. The Fund's annualised dividend yield currently stands at 9.55% for the year 2009, significantly outperforming the NBAD Islamic Index of 1.13%.
Daman Second Emirates Fund at Dhs41.24 per unit:
The Daman Second Emirates Fund, a UAE-registered open-ended fund regulated by the United Arab Emirates Central Bank and focused on UAE equity markets, closed the month of January at a Net Asset Value (NAV) of Dhs41.24 per unit.
For the first month of 2009, the Fund recorded a decline of 4.44%, as against the NBAD General Index drop of 4.22%. Since inception, the Fund has paid total dividends of Dhs5.00 per unit with an annualised dividend yield currently stands at 9.70%, which is a higher yield when compared to the NBAD General Index annualized dividend yield 4.43%.
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Posted by Siba Sami Ammari
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