How can we help you?
'' did not bring up any results.
Popular searches
Activate a FAB card
Contact Center
Credit Cards
In-Branch Digital Services
Mobile Banking
First Abu Dhabi Bank (FAB), one of the world’s largest and safest financial institutions, has raised almost USD 200 million assets under management (AUM) through a new Fixed Maturity Portfolio (FMP) launched on 9 October 2024 – marking record subscription levels. The portfolio includes the second series of FAB’s conventional fixed maturity portfolio, following a successful first series roll-out in 2023, as well as the bank’s first Shari’ah-compliant FMP.
Launched to meet the varying needs and investment preferences of FAB clients, these funds were made available to professional investors and hold a duration of three years – with the FAB MENA Plus Fixed Maturity Portfolio Series 2 yielding a net 5.50% and FAB Sukuk MENA Plus Fixed Maturity Portfolio Series 1 yielding a net 4.50%.
The portfolios have been designed to deliver a high yield with the quarterly dividends paid out or reinvested. The income is generated from carefully selected bonds and sukuks across regions and sectors, offering a well-diversified portfolio of fixed-income instruments to reduce volatility and risk.
FAB Asset Management’s new FMP is ideal for income-seeking investors looking to lock in attractive returns and optimally manage risk in a declining interest rate environment.
Boasting over two decades of regional experience, FAB Asset Management is one of the largest MENA-focused managers, with investment expertise across various asset classes and diverse client base, which includes sovereign wealth funds, pension funds, foundations, financial institutions, family offices, insurance companies and individuals.