Emirates NBD and BlackRock launch two new funds

The two organizations mark one-year anniversary of partnership

Emirates NBD Asset Management, the asset management division of Emirates NBD, a leading banking group in the Middle East, North Africa, Türkiye and South Asia (MENATSA) region and BlackRock have launched two new income-focused funds, the FundStar Emirates CLO AA Fund and the Emirates Systematic Income and Growth Fund, to mark the one-year anniversary of their strategic collaboration.

Building on the initial platform launched in 2025 to provide wealth clients with access to alternative investments, the partnership is now expanding its reach transitioning from private asset offerings originally reserved for professional clients to public fund structures accessible to a broader retail investor base across the region.

Investor demand

The two new funds are structured to address growing investor demand for regular income, capital preservation and global portfolio diversification in a modern, dynamic market environment through professionally managed solutions supported by BlackRock’s global investment expertise.

“The success of this initiative in the first 12 months reflects the immense appetite in our region for sophisticated, yield-generating solutions,” commented Michail Samawi, Senior Executive Officer, Emirates NBD Asset Management.

“We see significant opportunity for both CLO and systematic strategies within wealth portfolios, and we are excited to continue building innovative solutions together to give investors in the region access to an even broader range of investment opportunities,” added Keith Saldanha, Head of Wealth and Global Product Solutions for the Middle East & Africa, BlackRock.