Daman Funds Declare Windfall Cash Distribution Following Outstanding Performance in 2014

Market Leader Daman Fifth Fund cash dividend yield above 40%.

Daman Investments PSC, one of the leading UAE-based regional investment management companies, has registered another successful quarter for its high-performing funds, declaring a Windfall Dividend Distribution for Q3 2014:

Fund Net Asset Value as of
September 30, 2014
Q3 2014 Dividend
in AED
Annualized 2014
Dividend Yield
2014 YTD Performance
Daman Second Emirates Fund 179.17 30 34.23% 35.98%
Daman Islamic Fund 152.61 10 20.97% 27.14%
Daman Speculator Fund 106.37 5 10.03% 6.24%
Daman Fifth Fund 431.22 100 40.20% 202.36%
Dubai Financial Market 1.90% 49.64%
Abu Dhabi Securities Market 3.25% 19.01%


Daman Funds have exhibited a stellar performance amidst robust markets with the top ranking Daman Fifth Fund returning north of 200% since the beginning of the year. Daman Fifth Fund paid out an impressive dividend of AED100 per share for the 3rd quarter of 2014 which equates to an annualized dividend yield of 40.20%, as at the end of September 30, 2014, with the NAV of the fund standing at AED431.22.The fund continues to top the Bloomberg and Zawya Fund Rankings with the highest YTD performance in the GCC region.

The flagship Daman Second Emirates Fund continues its market-beating record paying out its 19th consecutive quarterly dividend. The fund paid out a dividend for the 3rd quarter of 2014 of AED30 per share translating into an annualized dividend yield of 34.23% and a NAV of AED179.17, as at the end of September 30, 2014.

Meanwhile, the Daman Islamic and Speculator Funds also distributed dividends of AED10 and AED5 per share, respectively. Overall, Daman Funds have yet again demonstrated outstanding performance and continue to be the highest dividend yielding funds in the entire GCC vastly outperforming their peers and the market.

The Funds’ performance have been in line with Daman’s investment philosophy which aims to deliver strong returns via rigorously tested investment strategies. Daman Funds continue to achieve superior returns through unique local insight developed on the back of more than a decade of experience in the GCC markets. Daman Investments adheres to the stringent risk management guidelines while keeping a vigilant eye on returns.

Commenting on the announcement, Mr. Shehab Gargash, Managing Director of Daman Investments said, “Daman believes in putting gains in the hands of its investors and our windfall cash dividend distribution clearly reflects the spectacular performance of our funds.”

Mr. Shehzad Janab, Head of Asset Management and Advisory at Daman Investments said, “Daman Funds continue to add alpha and outperform their respective peer group, thanks to the unique investment strategy that our company employs. We feel the markets will remain positive until the end of Q1, 2015 given the expectation of strong dividend payouts from UAE companies.”