As FAB’s investment partner, T Rowe Price will provide investment solutions across equity, fixed income, alternatives and multi-asset strategies, the organisations said in a statement.

“By working with a globally recognised asset manager that shares our strategic ambition and commitment to excellence, we are strengthening our differentiated investment capabilities across key client segments, while reinforcing FAB’s position as the UAE’s global bank and a trusted financial partner across the region,” Hana Al Rostamani, group CEO at the bank, said.

Rob Sharps, chair, CEO and president of T Rowe Price, said: “This collaboration reflects our commitment to growing and diversifying our business through innovative global partnerships.”

Vennre, Masar Makkah Fund
has launched its latest active exchange-traded fund (ETF) in Europe: The Schroder Global Equity Custom Active UCITS ETF.

The ETF will list on the London Stock Exchange on 20 January. It aims to provide capital growth and income above its benchmark after fees over a three-to-five-year period by investing in global equities. The benchmark is the The Solactive ISS ESG Screened Paris Aligned Global Markets Index.