New funds make the most of volatile markets

At the start of the year, when markets were overwhelmed by gloom and not a single optimistic market research report was in sight, EIS Asset Management launched the Emirates Mena High Income Fund.

"The fund was a play on companies that yielded high dividends, plus corporate bonds and Sukuk looked attractive, too," says Deon Vernooy, senior executive officer at EIS Asset Management.

The fund has posted 18 per cent return to date in volatile market conditions. And while many other funds surpassed these returns, the move does show that asset managers continue to find opportunities to create new funds and returns despite tough market conditions.