ANB Invest, the capital markets arm of ANB -Arab National Bank-, has just added another achievement in its list of investment awards as its Al-Mubarak Global Equity Fund won the Lipper Fund Award 2010 (from Thomson-Reuters) amongst all Shariah-compliant Global Equity funds.

The fund won the award based on the 3 & 5 year cumulative performance as compared to all Shariah-compliant global equity funds in the GCC area. It is worth mentioning that the fund achieved a positive performance, as compared to a negative performance reported by the fund’s benchmark, beating it by more than 8.5% for the 3-year period (2007-2009) & 11% for the 5-year period (2005-2009).

Gary Littlejohn, ANB Invest CEO, commented on this achievement by saying: “We are proud of achieving the first rank amongst all Shariah-compliant global equity funds in the GCC area for the three-year period ending in 2009. And what makes us even prouder is that we were able to beat the benchmark during these challenging periods.”

ANB Invest has a rich history in winning performance awards as it previously won Lipper awards in 2007 for Saudi equities and 2009 for balanced funds. Earlier, and as part of ANB, it won Manager-Of-The-Year honors by the Investment Products Committee in 2002 and 2003.