Mashreq Asset Management had a big night at the, ever growing, 2013 Mena Fund Manager awards for the 3rd year running. As in previous years, Mashreq bagged multiple awards, and this year is another achievement to be recognized for its Equity accomplishments along with the Fixed Income awards the bank received in the past.
The Makaseb Arab Tigers Fund won the 'Equity Fund of the Year Award' in both the one year and three year performance categories and the Makaseb Income Fund won the 'Fixed Income Fund Award' for performance in the three year category. Mashreq has now won 8 awards in various categories over the past 3 years.
Abdul Kadir Hussain, Head of Asset Management, Mashreq said "It is especially rewarding to win both the best equity and best fixed income fund of the year in the three year category because it shows that we have sustained performance over an extended period. We are very pleased with this recognition, which demonstrates our extensive expertise and knowledge in this business".
Mashreq's disciplined investment process has continued to produce excellent results in both Fixed Income and Equities, which will encourage continuity of strong performance in the years to come.