First Abu Dhabi Bank launches multiple-thematic fund

First Abu Dhabi Bank (FAB) has announced the launch of a multiple-thematic fund.

The FAB Thematic Rotation Fund under the OneShare PLC umbrella fund, regulated by the Central Bank of Ireland, invests beyond traditional geographical and sector boundaries to capture growth opportunities across various asset classes.

Through this fund, investors will be able to access global investment opportunities across themes and trends arising from long-term structural changes. These megatrends include technology innovation; rising urbanisation; environmental changes, next-gen economies, and demographic shift, as defined by the Trackinsight Thematic Taxonomy, official news agency WAM reported.

Investors will be able to access multiple investment themes focused on innovation and long-term growth while seeking to maximise diversification. The portfolio construction process leverages the diversification, liquidity and transparency benefits of cross-asset thematic exchange-traded funds (ETFs).

Through a reduced number of transactions, the fund offers clients access to experts involved in the design and evolution of the underlying index strategies, and benefits from diversified investments in ‘pure play’ companies, the statement said.

Gerardo Amo, PhD, MD and head of products and solutions Switzerland at FAB, said, “Based on a full open architecture framework, we bring together industry experts to capture the best investment opportunities arising from undeniable disrupting forces reshaping the world of tomorrow. The FAB Thematic Rotation Fund benefits from a strong ETF selection process along a dynamic theme allocation model, based on deep research by a highly experienced investment team.”

“This is an exciting opportunity for investors to stay ahead of the social, environmental and economic curve, added Samira Zakour, MD and head of private banking and KCG at FAB. “The fund offers clients a cost-efficient product to capture attractive investment opportunities across long-term trends, managed within a diversified, multi-asset class portfolio.”

The Abu-Dhabi based lender posted a group net profit of Dhs8bn in H1 2022, marking an increase of 50 per cent compared to the same period last year.

Read: First Abu Dhabi Bank reports net profit of Dhs8bn in H1 2022

The lender has also signed a MoU with Abu Dhabi Global Market  to increase collaboration and initiate preferential banking services, it was announced in June this year.

Read more: First Abu Dhabi Bank offers ADGM entities preferential banking service