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First Abu Dhabi Bank (FAB) has announced the launch of a multi-themed fund.
The FAB Thematic Rotation Fund under the OneShare PLC Umbrella Fund is regulated by the Central Bank of Ireland and invests across traditional geographic and industry boundaries to capture growth opportunities across a variety of asset classes.
Through the fund, investors will have access to global investment opportunities across themes and trends arising from long-term structural changes.These megatrends include technological innovation; increased urbanization; environmental change, next-generation economy and demographic change as defined by the official news agency Trackinsight’s subject taxonomy WAM report.
Investors will be able to access multiple investment themes focused on innovation and long-term growth, while seeking maximum diversification. The portfolio construction process takes advantage of the diversification, liquidity and transparency benefits of cross-asset themed exchange-traded funds (ETFs).
By reducing the number of trades, the fund provides clients with access to experts involved in designing and developing underlying index strategies, and benefits from diversified investments in “pure gaming” companies, the statement said.
Dr. Gerardo Amo, MD, Head of Products and Solutions at FAB Switzerland, said: “Based on a completely open architectural framework, we have brought together industry experts to capture the best investment opportunities from undeniably disruptive forces reshaping the world of tomorrow. FAB Thematic Rotation Funds benefit from a robust ETF selection process, as well as a dynamic thematic allocation model based on in-depth research by experienced investment teams.”
“This is an exciting opportunity for investors to stay ahead of the social, environmental and economic curve,” added Samira Zakour, MD and Head of Private Banking and KCG at FAB. “The fund provides clients with cost-effective products to capture attractive investment opportunities in long-term trends, managed in a diversified, multi-asset class portfolio.”
The Abu Dhabi-based bank posted a group net profit of AED8 billion in the first half of 2022, a 50% increase compared to the same period last year.
read: First Abu Dhabi Bank reports AED8 billion net profit in first half of 2022
The lender also signed a memorandum of understanding with the Abu Dhabi Global Market to strengthen cooperation and launch preferential banking services, which was announced in June this year.
read more: First Abu Dhabi Bank offers preferential banking services to ADGM entities
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