Emirates NBD Asset Management Limited, the asset management arm of Emirates NBD, is partnering with Jupiter Asset Management to work on its global public funds.
The partnership explained that Jupiter’s multi-manager team has been chosen as a delegate investment advisor for the conventional multi asset class global fund range.
Emirates NBD Asset Management also announced the launch of the Emirates Global Quarterly Income Fund, ‘an income fund’ domiciled in Luxembourg, which will be available under the Emirates NBD SICAV.
As of 30 September 2013, Jupiter’s Independent Funds team manage approximately $16bn in assets through multi manager products which are graded Platinum by S&P.
In addition to the income fund, Emirates NBD Asset Management has also launched the Emirates Emerging Market Corporate Absolute Return Fund under the SICAV structure.
"As an important component of the bank’s Wealth Management Division, Emirates NBD Asset Management offers investors a value-added relationship that combines investment expertise, access to international platforms and world class execution," said David Marshall, Senior Executive Officer, Emirates NBD Asset Management. He added: "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 in-house product range into global markets."
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By GlobalDataKevin Scott, Executive Director International at Jupiter Asset Management, also said: "Expansion and global outreach is an important aspect of today’s connected world and we are pleased to partner with one of the leading asset management firms in the GCC to enhance their fund offering."