Dubai: Emirates NBD, one of the leading banking groups in the (MENAT) Middle East, North Africa and Turkey region, has released its global investment outlook for 2021.
Themed, “The Age of Magic Money” , the 2021 outlook was revealed to media by Maurice Gravier, Chief Investment Officer, Emirates NBD Group.
Speaking at the media briefing, Gravier explained his investment strategy against the backdrop of the unprecedented events of 2020 and their impact on financial markets. The CIO and his team remain confident in imminent economic recovery boosted by widespread distribution of the vaccines and governments’ fiscal stimulus amidst a low interest rate regime supporting elevated valuations.
Said Gravier, “On a tactical i.e. short to medium term horizon, the backdrop is reasonably positive. 2021 should be about clipping coupons in fixed income and finding capital appreciation in stocks with strong earnings growth.
“On a strategic i.e. the long-term horizon however, the investment landscape has changed. We are entering the age of magic money – of low returns and some new risks, should it be inflation or just mountains of debt. Our response is to reshuffle our strategic asset allocation with more emerging markets than ever. They grow faster, with secular drivers supporting them well above the post pandemic rebound, they are cheaper, and less crowded.”
The CIO also discussed the recent launch of the bank’s multi-asset funds, run from Dubai: Emirates Signature Cautious Fund, Emirates Signature Moderate Fund and Emirates Signature Aggressive Fund, available in AED, EUR and (US dollars). Proudly run from Dubai and domiciled in Luxembourg, the funds offer a direct and constant implementation of Emirates NBD views, with a low minimum investment of USD 1,000 and daily liquidity.
The annual Emirates NBD CIO Outlook is an advisory blueprint covering investment opportunities and key global economic indicators and in-depth financial market insights, based on which Emirates NBD’s team of advisors, strategists and analysts make recommendations on financial transactions and investments to the bank’s qualified clients.
About Emirates NBD:
Emirates NBD (DFM: Emirates NBD) is a leading Banking Group in the MENAT region. As at 31st December 2020, total assets were AED 698 Billion, (equivalent to approx. USD 190 Billion). The acquisition of DenizBank represents a significant milestone for Emirates NBD with the Bank expanding its presence to 13 countries, servicing over 14 million customers. The Bank is ranked among the top 20 in the Forbes’ list of the World’s Best Regarded Companies, securing a leading spot among global brands.
The Bank has a significant retail banking franchise in the UAE and is a key participant in the global digital banking industry with 94% of all financial transactions and requests conducted outside of its branches. The Bank announced the creation of E20., a digital business bank for entrepreneurs and SMEs while Liv., the lifestyle digital bank for millennials continued to be the fastest growing retail proposition in the UAE. Emirates NBD was named ‘UAE’s Best Bank’ in 2020 for a fifth consecutive year by Euromoney. In addition, Emirates NBD received the ‘Excellence in Leadership in the Middle East’ award, introduced this year in light of the Covid-19 impact, as a recognition of its efforts in responding to the Covid-19 crisis. The Bank is ranked 87th in The Banker’s list of the World’s Top 1,000 Banks. Emirates NBD was named ‘Bank of the Year – UAE 2020’ for the sixth year and ‘Bank of the Year – Middle East 2020’ for the third time by The Banker. In addition, Emirates NBD has been assessed as the ‘Strongest Bank in the UAE’ and ‘Fifth Strongest Bank in the Middle East’ by The Asian Banker 500 Largest and Strongest Banks Rankings.
The Bank has operations in the UAE, Egypt, India, Turkey, the Kingdom of Saudi Arabia, Singapore, the United Kingdom, Austria, Germany, Russia and Bahrain and representative offices in China and Indonesia with a total of 915 branches and 4,029 ATMs / SDMs. The Bank has a large social media following, being the only bank in the Middle East ranked among the top 20 in the ‘Power 100 Social Media Rankings’, compiled by The Financial Brand for 2019. Emirates NBD is a major player in the UAE corporate segment and has strong Islamic banking, investment banking, private banking, asset management, global markets & treasury and brokerage operations.
Emirates NBD is an active participant and supporter of the UAE’s main development and community initiatives, in close alignment with the UAE government’s strategies, including financial literacy and advocacy for inclusion of People with Disabilities under its #TogetherLimitless platform. The Bank is recognised for the pioneering efforts in employee volunteering and corporate social responsibility by IMPACT2030, the corporate volunteering arm of the United Nations. Emirates NBD Group is a Premier Partner and the Official Banking Partner for Expo 2020 Dubai.