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 7954 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
Meet the FOREO family as they share their top tips for radiant skin during the ...
Do Explore More with Pandora
Care for your baby's sensitive skin with Corine de Farme
Caudalie The Cleansing Collection
MAC - Prep + Prime Fix +
Ramadan-Inspired Sandro SS18 Pieces
Charlotte Tilbury, the World's #1 Celebrity Makeup Artist, Announces the Opening...
Marchon Eyewear New Collections
Glambeaute.com's Special Ramadan Beauty Packs
Lexus sweeps two podium finishes at round two of 2018 AUTOBACS SUPER GT 500 series
Ethereum - Second In A Series Of Exclusive Cryptocurrency Watches Launched
‘Tree of Life' Continues to Change Lives at Arabian Center, This Ramadan
White Man & Woman Focuses on Innovation and Sustainability With Patagonia at Whi...
1st Edition of Cannes International Film Festival From May 8 to 19, 2018
Pick what suits you from essence Spring/Summer 2018 nail polish collection
Elvis Presley's OMEGA Sells for a World Record CHF 1,500,000 at Auction
Breitling's Navitimer 8 Collection Arrives in The Middle East
Iftar at Roda Al Murooj
Stay connected with your loved ones this Ramadan season with the Nokia smartphones
Get Your Nails Summer Ready with FC Beauty
Hour Choice Presents Coach Perry Collections – Ramadan Exclusive
du Helps You Stay Connected this Ramadan with Exclusive Offers Throughout the Ho...
Panasonic Continues to Raise the Bar for Excellent Customer Service
Aru Impressed with Team Spirit as Italian Champion Secures Top Ten Finish
OMEGA goes onshore in Newport to unveil the Volvo Ocean Race winner's watch
Kristoff Hopes for Hometown Heroics as Hammer Series Starts in Stavanger
HP and DiSTI Join Forces to Reinvent Enterprise Training Using Virtual Reality
Global Rollout of LGG7 Thinq Gets Underway
Emirates Post Offers Valued Discounts to Six Destinations this Ramadan
Experience MG Motor This Ramadan
Revel in the all-new Mango Memory Menu – a summer treat by Moombai & Co
Dubai Festival City is the place to be this Ramadan
Word's Best Air Purifier Launched in Dubai
MINI Middle East launches partnership with ekar to provide premium cars to carsh...
Happy Father's Day with Saint Honore Allure
STARVAC launches a new treatment method for natural body and face care
Sheikh Juma launches his Asian Games preparations with NAS Run
Dubai Customs participates in Shenzhen Security Summit
Lufthansa Group and Travix announce NDC partnership
Iftar At Roda Al Bustan
The Puppeteer Behind ‘Star Wars'
Defending champs Surprise down Raptor to reach semis
Dynamic Colombian Rodriguez Storms Into Atco Psa Dubai World Series Finals as Li...
Villa Rotana Celebrating the Holy Month of Ramadan with Dubai Taxi Drivers
Qualcomm, Nokia and Leading TV Broadcasting Ecosystem Companies in Europe Showca...
Celebrate the Gift of Giving this Ramadan with BurJuman
Spotlight on the Sacred Art of Inshad; Call for Public and Private Support to Singers
Mido Multifort Datometer Limited Edition - A piece of history on your wrist
Manzil Healthcare Services now offer remote monitoring assistance, opening new p...
Trakhees service center receives 4-star rating