ADIB offers smartphone industry investment
Abu Dhabi, March 10, 2014
Abu Dhabi Islamic Bank (ADIB) is offering investors the opportunity to make a low-risk investment in one of the fastest growing industries in the world -- smartphone manufacturing.
As part of its growing wealth management offering, ADIB is launching an investment note that guarantees that 100 percent of the invested capital is returned to the investor, said an ADIB statement.
The capital-protected note matures in 18 months, and offers the opportunity to profit from the expected growth of the leading smartphone manufacturers in the world including Apple, Lenovo Group, LG Electronics and Samsung Electronics, it said.
The rapid increase in demand for wireless data is driving demand for smartphones and tablets. Global smartphone sales surpassed 1 billion units for the first time in 2013, and are forecasted to rise around 20 percent this year, according to Consultants International Data Corporation.
In the current environment and at a time of heightened volatility in global markets, ADIB’s capital protected notes provide a very low risk investment while also offering healthy returns. ADIB is enhancing its wealth management offering, with products that respond to its clients investment needs, as well as offering valued advice on asset allocation.
This latest offering is part of ADIB’s wealth management approach to provide customers a diversified suite of investment solutions, it said. - TradeArabia News Service