The First Abu Dhabi Bank (FAB) has announced the establishment of a multi-thematic fund.
The FAB Thematic Rotation Fund, which is part of the OneShare PLC umbrella fund and is regulated by the Central Bank of Ireland, invests beyond traditional geographical and sector boundaries in order to capitalize on growth opportunities across multiple asset classes.
Through this fund, investors will be able to access global investment opportunities across themes and trends arising from long-term structural changes. These megatrends include technology innovation; rising urbanization; environmental changes, next-gen economies, and demographic shift, as defined by the Trackinsight Thematic Taxonomy, official news agency WAM reported.
Investors will be able to access multiple investment themes focused on innovation and long-term growth while seeking to maximize diversification. The portfolio construction process leverages the diversification, liquidity and transparency benefits of cross-asset thematic exchange-traded funds (ETFs).
Through a reduced number of transactions, the fund offers clients access to experts involved in the design and evolution of the underlying index strategies, and benefits from diversified investments in ‘pure play’ companies, the statement said.
Gerardo Amo, Ph.D., MD, and head of products and solutions Switzerland at FAB, said, “Based on a full open architecture framework, we bring together industry experts to capture the best investment opportunities arising from undeniable disrupting forces reshaping the world of tomorrow. The FAB Thematic Rotation Fund benefits from a strong ETF selection process along a dynamic theme allocation model, based on deep research by a highly experienced investment team.”
“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 offers clients a cost-efficient product to capture attractive investment opportunities across long-term trends, managed within a diversified, multi-asset class portfolio.”
The Abu-Dhabi-based lender posted a group net profit of Dhs8bn in H1 2022, marking an increase of 50 percent compared to the same period last year.
The lender has also signed a MoU with Abu Dhabi Global Market to increase collaboration and initiate preferential banking services, it was announced in June this year.
