- Daman Second Emirates Fund pays out 21st consecutive quarterly dividend.
DUBAI, UAE, April 19, 2015: Daman Investments PSC, one of the leading UAE-based regional investment management companies, announced record Q1, 2015 dividend distribution despite volatile market conditions.
|Fund||Net Asset Value
as of March 31st 2015
Dividend in AED
|Q1 2015 Performance|
|Daman Second Emirates Fund||133.44||15||44.96%||12.25%|
|Daman Islamic Fund||103.38||1||3.87%||-5.94%|
|Daman Speculator Fund||58.58||–||–||-16.10%|
|Daman Fifth Fund||251.05||100||159.33%||10.55%|
|Dubai Financial Market||-6.88%|
|Abu Dhabi Securities Market||-1.35%|
The flagship Daman Second Emirates Fund and the Daman Fifth Fund exhibited strong performance despite volatile market conditions with DSEF returning 12.25% and DFF returning 10.55% in Q1 2015.
Daman Second Emirates Fund upheld its longstanding reputation and paid out its 21st consecutive quarterly dividend. The Daman Second Emirates Fund and the Daman Fifth Fund delivered strong alpha by superior stock picking skills and accurately timing the market coupled with original and independent research insights.
Despite the outperformance, the funds have always monitored risk metrics and diversified into specific sectors which have a great potential for upside.
Commenting on the announcement, Mr. Shehab Gargash, Managing Director of Daman Investments PSC said, “Daman’s unique investment strategies have enabled the funds to perform well and we believe in rewarding our investors in all market cycles.”
Mr. Shehzad Janab, Head of Asset Management and Advisory of Daman Investments PSC said, “Daman Funds thrive in all market conditions and in particular excel in volatile markets.”
About Daman Investments PSC (www.daman.ae)
Daman Investments PSC (“Daman”) is a private joint stock company based in Dubai, UAE. From its early beginnings in 1998, the group has grown rapidly into a non-bank financial services company now widely recognized as an authority in its core markets, the Gulf Cooperation Council (GCC) and Iraq.
Known for offering innovative investment products and services to both regional and international clients, Daman provides investment management and development capital investment opportunities as well as brokerage operations through its subsidiaries. Daman is committed to the principles of ethical business practice and operational transparency. All Daman’s various operations are regulated by the United Arab Emirates Central Bank, the Securities and Commodities Authority (SCA) and the Dubai Financial Services Authority (DFSA).