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NBAD offers Cash Plus Fund aimed atboosting yields

July 3, 2014



The fund is an open-ended, actively managed product which aims to provide a yield in excess of overnight deposits, with income distributed daily in the form of additional units.



The National Bank of Abu Dhabi (NBAD) has launched the Cash Plus Fund, a fund 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; suits clients who would like to benefit from higher returns on cash without giving up their liquidity position.







"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," says Anne Durand, fixed income fund manager at NBAD's Asset Management Group.







"This fund is a great investment alternative at a time when yield on cash is at historically low levels and there is a constant pressure to find avenues to maximize return on liquidity."







NBAD Cash Plus Fund is open for subscriptions in the form of private placements with a minimum subscription of Dh250,000 with multiples of Dh100,000 thereafter.







The fund is an open-ended, actively managed product which aims to provide a yield in excess of overnight deposits, with income distributed daily in the form of additional units. It aims to capture the best opportunities available to investors by investing in a range of high quality money market instruments in the UAE and wider Mena region in addition to Asia and Europe.







The fund managers will select high quality and liquid money market instruments, including term deposits, certificates of deposit, commercial papers, floating rate notes and short term bonds from banks and corporates in the MENA region, Asia and Europe.?




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Source: Khaleej Times (United Arab Emirates)


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