ABU DHABI, 2nd July, 2014 (WAM) -- The National Bank of Abu Dhabi, NBAD, has launched the Cash Plus Fund which is designed to offer liquidity, capital preservation and yield enhancement.
The NBAD Cash Plus Fund allows investors to benefit from higher rates than conventional deposits and availing liquidity. The Fund; designed for corporates, institutions and high net worth individuals (HNWI); suits clients who would like to benefit from higher returns on cash without giving up their liquidity position.
Anne Durand, Fixed Income Fund Manager at NBAD s Asset Management Group, said, "NBAD Cash Plus enhances cash yield through investments into sophisticated money market instruments that are otherwise not accessible to investors; and allows them to retain the flexibility to access their investments on a daily basis".
"The launch of the NBAD Cash Plus Fund complements NBAD Asset Management s existing award-winning range of products, and advances our strategy of offering investors opportunities and providing exceptional products to clients across the West-East Corridor," she added.