The National Investor (TNI), one of the region’s leading merchant banks is celebrating the third anniversary of one of its flagship funds.

The TNI UAE Blue Chip Fund has returned 22 per cent since inception in May 2005, the company said in a statement.

The fund is primarily focused on publicly traded equities of UAE firms with large capitalisation which present a steady and recurrent track record of earning growth and have a potential for capital appreciation. TNI UAE Blue Chip Fund has returned 4.8 percent year-to-date compared to its benchmark’s -3.8 percent return.

The fund’s current net asset value (NAV) is AED 12.22 and its top holdings include ArabTech, Etisalat, Aldar and Emaar. Allocations are based on fundamental research and incorporate a blend of top-down and bottom-up analysis.

“TNI UAE Blue Chip Fund is just one of a suite of GCC and MENA focused funds that TNI manages.  Our consistent out performance is attracting global attention, including interesting institutional mandates and we are in the process of restructuring to accommodate such interest as soon as possible,” said fund manager Walid Hayeck. – TradeArabia News Service