FundStar (OEIC) PLC is the name of the first public fund that Emirates NBD Asset Management, the company’s asset management division, has established in the Dubai International Financial Centre (DIFC).
Emirates NBD Asset Management, an organization under the jurisdiction of the Dubai Financial Services Authority (DFSA), established FundStar as a holding company for several feeder funds and master funds spanning various asset classes and regions. These include fixed income and equity and conventional and Shari’ah-compliant multi-asset strategies. Public fund that complies with the current prevailing regulations and strengthens the relationship with our customers by offering them access to professionally managed funds domiciled in renowned, highly regulated jurisdictions.
FundStar, being a licensed fund, will market its shares to onshore retail investors in the United Arab Emirates through a public offering in compliance with the current Memorandum of Understanding between the Securities and Commodities Authority (SCA), the Financial Services Regulatory Authority (FSRA), and the DFSA. Investors can access professionally managed portfolios spanning a variety of asset classes and geographical areas by investing in FundStar sub-funds. Additionally, retail investors will have access to foreign funds domiciled in highly regulated jurisdictions with a track record, like Luxembourg, through FundStar’s feeder sub-funds.
Also Read:
Salik in Dubai Reports Dh562 Million in Q1 Earnings Despite Higher Traffic
Dubai: Following Record pProfits, Emirates Group Employees Receive a 20-Week Bonus.
