Daman Fifth Fund reports stellar year-to-date performance despite market volatility
Dubai, UAE Nov 3, 2015: Daman Investments PSC, manager of one of the world’s best-performing alternative mutual funds, and the Arab world’s leading diversified, non-banking financial services company, announced a Q3 dividend for its Daman Fifth Fund.
|Fund||Net Asset Value
as of September 30, 2015
Dividend in AED
|2015 YTD Performance|
|Daman Fifth Fund||159.93||20||106.3%||53.64%|
|Dubai Financial Market||6.93%||-4.79%|
|Abu Dhabi Securities Market||5.16%||-0.58%|
|Saudi Tadawul Stock Exchange||3.55%||-11.15%|
|Qatar Stock Exchange||4.42%||-6.67%|
The GCC-focused Daman Fifth Fund, the top performing alternative mutual fund globally as ranked by both Preqin and Eurekahedge in 2014, continued to outperform regional markets and peers during the first nine months of 2015.
The fund’s performance comes amid concerns over a weak global economy, a deflationary commodity environment and the potential for a worldwide economic slowdown.
Depressed oil prices have been one of the major factors underlying the negative sentiment in the GCC and the broader commodity exporting markets with the Dubai Financial Market and Abu Dhabi Securities Market falling 4.79% and 0.58% over the same nine-month period respectively.
Qatar’s bourse also dropped -6.67% during the first nine months of the year, while the Saudi gauge was down -11.15%.
About the Company (www.daman.ae)
Daman Investments is a diversified, non-banking financial services company licensed and regulated by the Central Bank of the UAE and the Emirates Securities and Commodities Authority. The Company was established in 1998 (as Al Daman Securities Establishment) to cater to the growing need for in-depth and professional financial services tailored to the UAE and wider region. Since inception, Daman has been active in developing and offering investment opportunities to institutional, high net worth and retail markets in the UAE. The Company currently employs 53 individuals across its business.
For further details please contact:
Daman Corporate Communications OR Arabia PR
Tel: +971 4 408 0363 Yasser Fathy
Fax: +971 4 332 42 40 Tel: + 971 4 342 35 84
[email protected] Fax: + 9714 342 35 82