At a press conference this morning, Emirates NBD said Jupiter’s multi-manager team, which is led by industry veteran John Chatfeild-Roberts, has been appointed to manage its multi-asset global fund range.
In addition, the Chatfeild-Roberts led team, which currently has about $16bn in assets under management, has also been appointed to run the Emirates Global Quarterly Income Fund, a newly launched fund which is part of the company’s recently established Luxembourg-domiciled Sicav umbrella.
Emirates NBD has also launched the Emirates Emerging Market Corporate Absolute Return Fund under its Sicav structure, which will be run in-house.
David Marshall, Emirates NBD AM senior executive officer, said: “We are pleased to announce this strategic partnership with Jupiter Asset Management, which will give a huge boost to our global expertise and further drive the process to develop Emirates NBD Asset Management’s inhouse product range into global markets.
“The opportunities offered by this new partnership are unparalleled, as they allow investors to enjoy the benefits of a team that has delivered superior returns and steady income while controlling risk. Emirates NBD Asset Management is confident that this tie up will offer a unique opportunity for our investors.”
Available globally
The Emirates NBD multi-asset range, which includes three managed portfolios – active, balanced and conservative – have been running since 2004 under internal oversight and are available to investors across the UAE.
The new Emirates Global Quarterly Income Fund meanwhile, which will also be managed by Jupiter, will aim to provide investors with a quarterly income by investing across a wide range of asset classes. These will include fixed income securities, equity income and other income producing assets – predominantly through a fund of funds strategy.
Emirates NBD said the strategy will be similar to that of the existing Jupiter Merlin Income Fund managed by the multi-manager team.
Last, the Emirates Emerging Market Corporate Absolute Return Fund, which will be run in-house, will aim to achieve a total return while minimising risk through investment in a diverse portfolio primarily of high-yield corporate bonds of issuers from emerging markets.
Both new funds have been registered for sale in Singapore and the UAE and are available to investors through banking channels, IFAs, directly through Emirates NBD and through a number of global investment platforms.
A spokesperson said the funds will be made available elsewhere as and when demand requires.
