The Daman UAE IPO Fund provides ease of access to the region’s most exciting newly listed companies. With a low entry point of just AED 1,000, the fund offers professionally managed exposure, higher allocation potential in the IPO opportunity, and access to firms listed in the UAE and beyond, without the complexity of navigating IPO markets on your own.
The investment objective of the Fund is to generate medium term capital growth by investing in securities issued by companies that are undertaking an initial public offering either in the UAE or on other global exchanges, or by investing in companies that have listed on UAE or other global exchanges in the previous five (5) years.
The Fund may also on a temporary basis invest up to 75% of its assets in cash or cash equivalent instruments (such as cash deposits, money market instruments, up to A- rated short-term bonds, etc.), if there are limited attractive IPO investment opportunities in the near-term.
The Fund shall invest at least 60% of the Fund’s assets in the investments in the UAE and may invest up to 40% of the Fund’s assets in other global ex-UAE exposures.
The investment strategy of the Fund will be bottom-up fundamentally driven. The focus will be on the companies whose securities can provide strong price appreciation based on a number of factors, such as but not limited to solid earnings growth potential, cheap valuation, high dividend yield and unique product/services offering.
Share Class | Min Initial Subscription | Dividend Distribution | Subscription Fees | Redemption Fees | Management Fees | Performance Fees | Dealing Frequency | ISIN | Bloomberg Ticker |
---|---|---|---|---|---|---|---|---|---|
Class A | AED 2,000,000 | Semi Annually | None | 1.5% | 1.0% | 10% | Daily | AEC01120D220 | DAUAIPA UH |
Class D | AED 1,000 | Semi Annually | None | 1.5% | 1.5% | 15% | Daily | AEC01653D253 | DAUAIPD UH |
Daman Investments PSC (“Daman”) is a private joint stock company operating under the regulation, control, and supervision of the Securities & Commodities Authority of the UAE (“SCA”). Daman is licensed and authorized by the SCA- License Number 301043 for the conduct of the following financial activities: (i) Portfolios Management (Category 2- Dealing in Investment) (ii) Investment Fund Management (Category 2- Dealing in Investment) (iii) Promotion (Category 5- Arranging and Advice) (iv) Introduction (Category 5- Arranging and Advice) (v) Financial Consultations (Category 5- Arranging and Advice) (vi) Listing advisor (Category 5- Arranging and Advice) and (vii) Financial advisor (issuance manager) (Category 5- Arranging and Advice).
Daman was registered in the Commercial Register on 14 November 2006 as a Private Joint Stock Company with registration number 1001646. Daman is incorporated in Dubai, UAE and operates as an independent entity licensed. Daman’s issued share capital is AED 268,823,500. Pursuant to SCA guidelines, Daman’s capital adequacy ratio must demonstrate a strong capacity to absorb unforeseen losses by having significant and sufficient capital reserves.
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