Invest AD – Abu Dhabi Investment Company, has launched Invest AD Global Asset Manager, the first investment fund manager under the Securities and Commodities Authority (SCA) new regulations in the UAE.
This new investment fund manager, backed by Abu Dhabi’s extensive 45-year track record, aims to offer tailored investment solutions to UAE investors. It plans to introduce investment products in alternative asset classes and equities in collaboration with global asset managers while providing seed capital for these products. As a wholly owned subsidiary of Mubadala, the Abu Dhabi sovereign investor, Invest AD Global Asset Manager aims to meet the growing demand for high-quality investment solutions in the region, aligning with SCA’s efforts to revitalize the UAE’s asset management industry through its new regulations, which include requirements for foreign fund marketing and compliance with AML/CTF regulations.
The SCA’s new regulations, which came into effect on February 1, 2023, govern the marketing of foreign funds in the UAE, emphasizing authorization, clear information dissemination, and compliance with AML/CTF regulations. These regulations are expected to attract more foreign funds to the UAE market and enhance investor protection. Additionally, the SCA has introduced new rules governing the establishment and operation of investment funds in the UAE mainland, further contributing to the development and regulation of the asset management industry in the region.