Emirates NBD digital wealth platform ties in 232 mutual funds

Emirates NBD digital wealth platform ties in 232 mutual funds

DUBAI: Emirates NBD has enabled more than 232 mutual funds on the bank’s digital wealth platform ENBD X, allowing customers to buy and sell instantly, with straight through processing.

Emirates NBD customers can now select the mutual fund of their choice from an array of more than 232 funds that are managed by leading global asset managers including Emirates NBD Asset Management, BlackRock, Fidelity and Pimco, on their digital wealth platform that already houses more than 11,000 global equities and 150 regional equities. The array of mutual funds strengthens a versatile range of investment options available on ENBD X, which has more than 150 banking services for customers.

Mutual funds listed on the digital wealth platform display risk and sustainability rates by renowned financial services company Morningstar as well as historical performance, giving customers an accurate analysis of funds they may select for investment. In addition, listed mutual funds can be bought or sold instantly on the platform, with a seamless, simplistic processing journey.

Marwan Hadi, Group Head, Retail Banking and Wealth Management at Emirates NBD, said, “The launch of a wide variety of mutual funds on ENBD X’s wealth management platform reflects the bank’s commitment to the investment needs of our customers.