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Updated: Wednesday, February 8, 2012 News Source: Press Release
Dubai -SHUAA Capital, the region’s leading financial services institution, is pleased to announce that its Emirates Gateway Fund has been voted ‘UAE Equity Fund of the Year’ by MENA Fund Manager magazine.
The Awards were determined by a panel from MENA Fund Manager Magazine and fund management industry experts. Shortlisted funds were selected based on a two-year track record ending November 2011 as well as qualitative and structural criteria.
The SHUAA Emirates Gateway Fund outperformed its peer group and respective benchmark over the two-year period, ending November 2011. The SHUAA Emirates Gateway Fund was also the top-performing UAE fund during the full year 2011.
Nadi Bargouti, Head of SHUAA Asset Management, said:
“This important award reflects our unique screening and valuation model, which combines fundamental, technical and quantitative analysis. We aim to seek out real value and outperform through all market cycles – both in the long and short term. Our consistently strong performance track record speaks for itself.”
In addition to the Emirates Gateway Fund, The SHUAA Qatar Gateway Fund was the best-performing Qatar fund in 2011 (and 2010). The SHUAA Arab Gateway Fund was the second-best-performing MENA fund in 2011 (best in 2010).
All of SHUAA client’s Discretionary Portfolios ended 2011 in positive territory and outperformed their benchmarks. Besides generating superior performance across its fund and discretionary portfolios, SHUAA Capital also grew its assets under management by over 25% - in sharp contrast to its peer group – during the year 2011.