GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Banking and Investments

 
  Share

New investment options set to help expatriates in the UAE secure a comfortable retirement in their silver days 

Abu Dhabi, UAE, September 25, 2017:   Leading regional bank, Abu Dhabi Commercial Bank (ADCB) has announced a new range of investment options, Target 2025 and Target 2035. These venture opportunities are designed to help expatriates in the UAE secure a comfortable retirement by bridging the gap between mandatory end of service benefits and actual retirement needs. 

Numerous industry surveys demonstrate that expatriates in the UAE population ranks amongst the lowest in the world in terms of retirement savings. This is due largely to factors such as lack of suitable products and a general misunderstanding of level of savings needed to retire comfortably.

“The general apathy towards retirement savings amongst expatriates in the UAE is highly concerning” said Mark Friedenthal, Chief Investment Officer, ADCB. “The introduction of our Target Date Fund, will offer clients a risk appropriate retirement saving solution that they can buy and hold with the knowledge and comfort that their savings are in safe hands. In fact, we hope the low-cost simplicity and efficiency of the new Target Fund series will encourage individuals in the UAE to allocate more of their income towards retirement savings.”

A first-of-its-kind in the MENA region, the new Target Fund series is unlike traditional life-stage and target-risk funds in that these new funds adapt to the changing needs of the investor as they progress through life towards retirement. They automatically reset the asset mix of stocks, bonds and cash equivalents in its portfolio according to a selected time frame that suits an investor.  In effect, they offer a lifelong investment strategy that remain appropriate to an investor's risk profile even if left un-reviewed.

Target-date funds' allocation mix reflects investments in return-seeking assets, such as equities, in early years investors' when risk capacity is higher. Over time, the investments of these funds typically become more conservative by switching progressively towards capital-preservation assets, such as bonds.

In the US, a 10-year trend has seen allocations to hybrid funds increase to as target date options have been driven by more plans installing automatic-enrollment features, making target-date funds the default investment options.  Closer to home, this type of funds offer a convenient multi-asset retirement savings strategy that is suitable for UAE residents of all age categories who may not have prioritized saving for their silver years.

While being marketed predominantly in the UAE, the Target 2025 and Target 2035 funds are truly international, underpinned by the fact that they are being launched through ADCB's offshore UCITS fund platform in Luxembourg. Furthermore, ADCB is partnering with US based Principal Global Investors, a world leader in managing target-date and multi-asset funds, managing well over USD300Billion in more than 70 countries to maximise returns to customers in the UAE by anchoring investments on depth of research, a wide breadth of industry knowledge and reach of business. 

With extensive experience in managing mutual funds and offering wealth management solutions, ADCB is now pioneering a new category of investments to help UAE residents manage funds today for a better retirement tomorrow. With various accolades under its belt for its investment and fund management services, ADCB's new Target 2025 and Target 2035 will be available from 16 October, 2017. 



Posted by : GoDubai Editorial Team
Viewed 10638 times
Posted on : Monday, September 25, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : 16 MENA IPOs Recorded in H1 2017: EY
Next Story : Mashreq Bank Accelerates Branch Automation Journey With Diebold Nixdorf Technology and Software
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Ralph Lauren offers the spring 2019 collection
Tame your Tresses
Nothing says ‘I love you' quite like MKS Jewellery Valentine's Day Top Picks
Great offers this February on Glambeaute.com
Le Meridien Al Aqah Beach Resort Rolls out Fabulous Deals for February
Delightful Duo Of Elegant Timepieces Make For A Special Valentine Day's Gift
Mesmerizing Gift Sets and Perfume for Her
Valentine's Day Gifting Guide
Introducing Supergirl Make-Up
Kappa Exclusive Collection
GUESS Launches JEANS SS19 Collection for Women
GUESS Launches Kids Collection
Classic Smoky Eyes with Essence
Belt Bags from Longchamp
GROHE Is the Driving Force of the Digital Transformation in the Sanitary Sector ...
Real Madrid & Manchester City Collections
The Rado HyperChrome Ultra Light
Honor Gadget Gift Guide: Step Away from Anything that Wilts and Step up your Sma...
Chronoswiss Shows Off Twin Limited Edition Flying Grand Regulators
Amity University Dubai Hosts the World's Top AI Researchers at an International ...
The Valentine watch collection by Coach
Deadline extended to register for first ever Dubai Corporate Sports Championship
Emirates Post commemorates silver jubilee of Emirates Center for Strategic Studi...
Fatima Bint Mubarak Ladies Sports Academy (FBMA) International Show Jumping Cup ...
Billy is 40 years old..
Facebook to launch fact-checking program in Arabic in partnership with AFP in th...
Treat your loved one to a romantic Venetian gondola cruise at Riverland™ Dubai o...
Innovative, Adventurous and Accurate. It's what pilots need in a timepiece. And ...
Dubai's first building biologist receives global recognition
Zayed Sports City Awards Scholarships to Students as Part of Mubadala Tennis in ...
Pirelli gives New Ice Zero 2 Studded Tyres Their Debut on Ice in Sweden at the W...
Dubai Customs receives Oman Chamber of Commerce delegation
Exclusive position in the front row of the grid: The BMW M850i xDrive Coupe Firs...
Robinsons to launch its new luxury lighting department – the latest addition to ...
The Fall 2019 Michael Kors Collection Runway Show
The Rise of Green Technology in Construction
Valentines Day Gift Guide from Anker
GSK sets to improve antibiotic adherence in the UAE with a new patient-friendly ...
Turkish Airlines introduces its new The LEGO® Movie 2 Inflight Safety Video, bef...
Dubai Cares and UNICEF announce the Dubai Declaration on Early Childhood Develop...
Canadian University Dubai partners with Malaysia's top-ranking Multimedia Univer...
Patented dental solutions, Dental Robotics and Digital Innovations attract visit...
Abu dhabi Grand Slam® Jiu-Jitsu World Tour fifth and final leg of season 4 heads...
MASmash Opens in Abu Dhabi at Manarat Al Saadiyat
Abu Dhabi University appoints outstanding leaders as Vice Chancellor and Associa...
Wellness Saturdays with H Retreats
10 things you didn't know about Space Grill
Healthy Passenger Demand Continues in 2018 with Another Record Load Factor
Ministry of Health and Prevention Launches its Media Campaign as Part of the “Wi...
Greece partners with VFS Global to launch Visa Application Centres in the Kingdo...