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ABU DHABI / WAM
First Abu Dhabi Bank (FAB) has raised almost $200 million assets under management (AUM) through a new Fixed Maturity Portfolio (FMP) — marking record subscription levels.
The portfolio includes the second series of FAB’s conventional fixed maturity portfolio, following a successful first series roll-out in 2023, as well as the bank’s first Shari’ah-compliant FMP.
Launched to meet the varying needs and investment preferences of FAB clients, these funds were made available to professional investors and hold a duration of three years — with the FAB MENA Plus Fixed Maturity Portfolio Series 2 yielding a net 5.50% and FAB Sukuk MENA Plus Fixed Maturity Portfolio Series 1 yielding a net 4.50%.
The portfolios have been designed to deliver a high yield with the quarterly dividends paid out or reinvested.
The income is generated from carefully selected bonds and Sukuks across regions and sectors, offering a well-diversified portfolio of fixed-income instruments to reduce volatility and risk.