Standard Chartered is one the first financial institutions to offer locally domiciled funds for retail clients in the UAE in partnership with international providers and in line with the new Securities and Commodities Authority (SCA) regulations.
The bank has partnered with leading international companies to provide best-in-class products to its retail clients, including Amundi, Aditum Investment Management and ClearStream.
The new offering underlines Standard Chartered’s commitment to supporting the SCA in driving the growth of the local asset management sector as well as the country’s vision to become a leading global financial hub. These products are domiciled in the Dubai International Financial Centre (DIFC) which is the leading financial hub in the region.
“We are committed to supporting our clients’ financial goals and aspirations,” said Owen Young, Managing Director and Regional Head of Wealth Management for Europe, Africa and the Middle East at Standard Chartered.
“By being among the first few institutions to offer locally domiciled funds to our retail customers in the UAE, we are delivering on our promise to provide innovative and best-in-class investment solutions that cater to their diverse needs while supporting the UAE government’s vision of making the country a global financial hub.”
Standard Chartered has launched four funds domiciled in DIFC as part of the offering. The funds are now available to retail clients, including the Signature CIO Balanced Fund, Signature CIO Growth Fund, Signature CIO Income Fund, and Signature CIO Conservative Fund.
