NBF Dubai office/Supplied
The lender seeks to help investors define their investment objectives and long-term financial aspirations in line with individual circumstances including risk appetite, life cycle and time horizon.
Wednesday 10, April 2019 BY KUDAKWASHE MUZORIWA
The National Bank of Fujairah (NBF) has launched investment management business to provide mass affluent priority banking, high-net-worth and institutional investors with high quality, independently-researched as well as risk-based investment solutions.
The bank’s investment solutions are offered in eight distinct risk-based model portfolios, comprised of independently-researched, multi-asset mutual funds
Additionally, each portfolio contains an average of 12 mutual funds that invest in various asset classes and geographies.
Vince Cook, NBF’s CEO, said, “We are excited to offer clients with various financial capabilities a proposition that is typically reserved to private banking clients.”
The investor’s individual experience and profiling assessment will determine the choice of the investor’s portfolio, with model portfolio solutions starting from $25,000 for lump sum investments and $1,000 for a monthly contribution in a systematic investment plan – across both conventional and Shari’ah-compliant investment solutions.
In a statement, NBF said that it will use more than 30 best in class international fund managers to build the model portfolio.
The bank said that it will collaborate with MorningStar, to construct and dynamically manage the portfolios.