{"id":93427,"date":"2024-07-02T00:00:00","date_gmt":"2024-07-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/allianz-daman-launch-onshore-feeder-funds-for-retail-investors\/"},"modified":"2024-07-02T00:00:00","modified_gmt":"2024-07-02T00:00:00","slug":"allianz-daman-launch-onshore-feeder-funds-for-retail-investors","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/07\/02\/allianz-daman-launch-onshore-feeder-funds-for-retail-investors\/","title":{"rendered":"Allianz + Daman launch onshore feeder funds for retail investors"},"content":{"rendered":"

Daman + Allianz roll out USD 67 bn feeder funds:<\/strong> Dubai-based asset manager Daman Investment<\/a> and Allianz Global Investors launched two onshore feeder funds, allowing retail investors in the UAE to access Allianz\u2019s international investment portfolio, according to a statement<\/a>. The two funds collectively manage over USD 67 bn in assets, according to a separate press release<\/a>.<\/p>\n

REMEMBER-<\/strong> The Securities and Commodities Authority (SCA) issued a decision<\/a> in April prohibiting funds and asset managers outside of the UAE from being publicly offered for retail subscription in the UAE. Domestic feeder funds \u2014 essentially a sub-fund that pools investment capital under a larger umbrella fund \u2014 are one way retail investors can gain access to foreign master funds. <\/p>\n

About the funds:<\/strong> The first fund employs a \u201cUS-centric multi-asset strategy\u201d with a focus on large-cap equities, convertible securities, and high-yield bonds, managing over USD 55 bn. The second fund, dubbed the Global Artificial Intelligence Fund, holds over USD 12 bn in AI assets. <\/p>\n

Investment managers are swiftly adapting to the new rule: <\/strong>Last week<\/a>, Aditum Investment Management debuted four public funds in the DIFC, with Standard Chartered acting as fund administrator and custodian. Standard Chartered also partnered<\/a> with securities depository Clearstream to include UAE-based funds on its Vestima platform enabling retail clients to invest in locally-domiciled funds.<\/p>\n","protected":false},"excerpt":{"rendered":"

The two funds collectively manage over USD 67 bn in assets<\/p>\n","protected":false},"author":1,"featured_media":93428,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1547],"tags":[29,7,907],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-93427","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-capital-markets","tag-capital-markets","tag-enterpriseam-uae","tag-securities-and-commodities-authority","wpautop","entry"],"acf":{"mongo_id":"81e51944-afce-4d31-9c67-bff58a423286","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/90.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Allianz + Daman launch USD 67 bn feeder funds for UAE retail investors","related_issue":[93417],"teaser":"The two funds collectively manage over USD 67 bn in assets","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.13e4fa47-2df5-48d8-bdc6-03ddb1400f95.mp3"},"yoast_head":"\nAllianz + Daman launch onshore feeder funds for retail investors - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/02\/allianz-daman-launch-onshore-feeder-funds-for-retail-investors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Allianz + Daman launch onshore feeder funds for retail investors\" \/>\n<meta property=\"og:description\" content=\"The two funds collectively manage over USD 67 bn in assets\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2024\/07\/02\/allianz-daman-launch-onshore-feeder-funds-for-retail-investors\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-02T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/90.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/07\/02\/allianz-daman-launch-onshore-feeder-funds-for-retail-investors\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/07\/02\/allianz-daman-launch-onshore-feeder-funds-for-retail-investors\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Allianz + Daman launch onshore feeder funds for retail investors\",\"datePublished\":\"2024-07-02T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/07\/02\/allianz-daman-launch-onshore-feeder-funds-for-retail-investors\/\"},\"wordCount\":218,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/07\/02\/allianz-daman-launch-onshore-feeder-funds-for-retail-investors\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/90.jpg?fit=%2C&ssl=1\",\"keywords\":[\"capital markets\",\"EnterpriseAM UAE\",\"Securities and Commodities Authority\"],\"articleSection\":[\"CAPITAL MARKETS\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/07\/02\/allianz-daman-launch-onshore-feeder-funds-for-retail-investors\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2024\/07\/02\/allianz-daman-launch-onshore-feeder-funds-for-retail-investors\/\",\"name\":\"Allianz + Daman launch onshore feeder funds for retail investors - 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