Moody’s Affirms Mashreq Capital’s Investment Manager Quality Assessment
07-Sep-2016
Mashreq Capital’s MQ2 assessment by Moody’s has been affirmed. The assessment reflects Moody’s view of Mashreq Capital as having very good asset manager characteristics.
The rationale behind the affirmation as stated by Moody’s is that there were no material changes on Mashreq Capital’s investment management activities, investment results, financial profile and client servicing.
The assessment is further supported by solid and consistent investment performance achieved by Mashreq Capital’s funds relative to peers and benchmarks, culminating in a robust track record. Moody’s noted that company’s funds have shown strong risk-adjusted returns and have consistently met their risk-return objectives. The funds have outperformed both global and local benchmarks, as well as most of local peers. Moody’s views the company’s investment performance to be very strong and consistent with an MQ2 assessment.
The quality assessments are expressed in a scale of MQ1 to MQ5 and incorporate Moody’s Investors Services’ all-rounded assessment of all investment management activities and include key factors such as the performance of product offerings, financial profiles and the entity’s performance of client servicing.