Business & Money | Thursday 12 February, 2015 2:25 pm |

Since 2011 Mashreq, one of the UAE’s leading financial institutions has been recognized for the performance of its Fixed Income funds either conventional or Islamic. Last month, Mashreq scooped up two new awards at this year’s prestigious MENA Fund Manager Performance Awards. Thanks to the success of Makaseb Income Fund, Mashreq Capital was awarded best Fixed Income Fund over the 3 year performance category. At the same time, Sukuk Fund was winner of the Sharia Compliant Fixed Income of the year.

Abdul Kadir Hussain, CEO of Mashreq Capital, commented “Our funds continue to provide strong performance which validates our overall investment decision making process and the strong credentials of the investment team. Over the past few years, the Mashreq Capital team has continuously been rewarded for its outstanding fund performance. As market conditions are forever changing, the performance of our funds has been robust across the full market cycle. We are proud today to have been, once again, recognized by MENA Fund Manager Performance Awards for our top performing Fixed Income Funds. These awards endorse our ongoing commitment and effort to offer risk adverse products to investors.”

The Makaseb Income Fund returned 31% in three years as at Dec 31, 2014 and the Mashreq Al Islami Income fund returned 6.17% in 2014 and 54% since its inception in June 2009