The National Bank of Abu Dhabi launches the UAE Distribution Fund

The Fund's objective is to invest in a portfolio of UAE and other GCC Equities, Fixed Income Securities and income producing Real Estate with the aim of achieving both capital growth and distribution of dividends.

NBAD's previous UAE based funds, the NBAD UAE Growth Fund (UGF), the UAE Trading Fund (UTF) and the UAE Islamic Fund (UIF) have all performed remarkably well - the UGF is up over 540% since its November 2000 inception and gained 96% in 2005; the UTF has increased over 307% since its inception in February 2004 including a 127% rise in 2005 and the UIF has achieved over a 101% return since its inception in January 2005.

The launch of the UAE Distribution Fund adds even more flexibility to NBAD's range of local funds. It specifically addresses the needs of those investors who wish to realise part of their capital appreciation through the planned semi-annual distribution of dividends. The Fund's distribution policy allows up to 50% of the increase in the Net Asset Value of the units to be distributed by way of dividend each six months.

Richard J. Amos, the General Manager of the Investment Banking Division at NBAD, commenting on the fund said,

"NBAD continues to demonstrate expertise in the local and GCC markets by delivering exceptional investment performance. The objective of this Fund is to grant investors a win/win situation by generating both semi-annual income and capital gains."

The Deputy Head of NBAD's Investment Banking Division and Head of Asset Management Group, Khaled Al Badi said, "We're really excited about the launch of the Fund and expect the investor response to be exceptional."