Tuesday 04, April 2017 by Nabilah Annuar

Moody's affirms Mashreq Capital's Investment Manager Quality Assessment at MQ2

Moody’s, has rated Mashreq Capital at “very good” (MQ2) for its investment manager quality assessment.  

Commenting on the achievement, Chris Pella CEO at Mashreq Capital said, “The rating is largely due to Mashreq Capital’s long and solid track record.  Our investment decision process is based on committee-driven methodologies that generate a strong alpha. The organisation consists of seasoned investment professionals with more than 70 years of combined experience and with solid qualifications. All this has culminated to superior performance.”

“We are very pleased to receive such a rating from a reputable agency such as Moody’s for the third consecutive year. This status reflects our overall commitment to the business but most importantly to our clients. We are happy to have very little client turnover and that is due to our dedication, highly qualified staff and internal operations.” Chris Pella continued.

The investment management quality two (MQ2) assessment is based on Mashreq Capital’s solid track record and investment performance relative to benchmarks and peers and the very strong operational and financial support from its parent company, Mashreq Bank.

According to Moody’s metrics, Mashreq Capital’s fund performance has remained in line with previous periods, particularly in the fixed-income space. Makaseb Income Fund and the Mashreq Al-Islami Income Fund were top performers (first quintile) among their fixed-income peers in 2016.

This is the third consecutive year that Mashreq Capital—Mashreq Bank’s investment arm with $1.5billion of assets under management—has received this score. 

Mashreq Capital's assets under management grew to $1.5 billion in December 2016 from just $265 million three years earlier. Mashreq Capital’s financial profile concentrates on the Middle East North Africa (MENA) debt and equity. 

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