Emirates NBD Asset Management Limited, the asset management arm of Emirates NBD, a leading bank in the region, announced today that its Emirates MENA Fixed Income Fund and its Emirates Global Sukuk Fund have both been awarded a Silver grading by global ratings agency Standard and Poor’s (S&P) Capital IQ Fund Services.
The Emirates MENA Fixed Income Fund holds assets of US$86 million, and offers daily liquidity in US dollars, UK pounds and UAE dirhams. It is the only S&P graded fund in the MENA fixed income space. The Emirates Global Sukuk Fund also offers daily liquidity, in US dollars and Euros, and is US$55 million in size………………………………………..Full Article: Source