Dubai, United Arab Emirates, 11th April 2011: Mashreq, one of the UAE’s leading national financial institutions, has announced that its Makaseb Emirates Opportunities Fund (MEOF) has won the prestigious Lipper Fund Award 2011 for the best equity fund over 3 years and 5 years under Equity, UAE category.
Lipper Fund Awards are the Thomson Reuters Awards for Excellence and recognise the world’s top funds, fund management firms, sell-side firms, research analysts, and investor relations teams. MEOF has bagged the three year category Award for the third consecutive year, highlighting Mashreq’s ability to manage top-class funds efficiently and effectively.
Abdul Kadir Hussain, Chief Executive, Mashreq Capital said, “These Awards are a testament to the high performance of our funds, and we give credit to the hard work and dedication of the investment team. At Mashreq, we aim to provide customers with the products and services that are convenient and suit their needs. Through these Awards, we have a clear indication that we are on the right path.”
Over the years, Mashreq’s portfolio has consistently performed well across numerous strategies, cementing its reputation amongst its competitors.