FAML awarded “FUND MANAGER OF THE YEAR”and FSGF awarded “FUND OF THE YEAR”
The Financial Daily (an independent financial media organization) running the only Mutual Fund magazine in the country has issued an annual edition highlighting peer performance for CY 2008.
They have announced 6 awards of which Faysal Asset Management Limited (FAML) has won in two categories, namely:
FUND MANAGER OF THE YEAR: FAYSAL ASSET MANAGEMENT LIMITED
FUND OF THE YEAR: FAYSAL SAVINGS GROWTH FUND
“FAML does not compete in 3 categories presented there at this point. This means that FAML won in 2 of the 3 categories they compete in currently. We have new funds in pipeline and InshAllah our future funds will also strive to be in the top spot after their respective launch” stated Mr. Salman Haider Sheikh, CEO FAML, on this occasion.
He further added that FAML has passed the test of Liquidity Crisis and TFC Re-pricing yet maintaining the best returns at the worst time through consistent risk-averse strategy.
Faysal Asset Management Limited was launched in 2003 within Ithmaar Bank (Bahrain) Group of Companies. Locally, FAML under its management has three diversified open-end mutual Funds namely, Faysal Balanced Growth Fund (FBGF), Faysal Income and Growth Fund (FIGF) and Faysal Savings Growth Fund (FSGF),