First Gulf launches UAE wealth index

|By Arabian Post Staff|Leading UAE bank FGB has launched the UAE’s first Wealth Sentiment Index, which measures the prevailing mood of affluent investors in the UAE market, from a personal and business point of view.
The index will serve as an indicator of the overall sentiment of the market, based on existing fundamental and economic factors.

The new index was launched during FGB’s fourth annual Investment Conference, which featured sessions led by a host of renowned global financial experts who provided insights into recent market trends and practices, as well as future developments and opportunities across the region and globe.

The launch event was attended by wealth relationship managers from across the UAE and FGB, and explored a host of topics including the role of commodities, the US property market, the outlook for the US equity market, the implications of global politics and referendums, the search for income and emerging markets.

The bank says FGB Wealth is dedicated to enabling customers to grow, protect or transfer their wealth through the help of dedicated wealth managers and a disciplined four-step wealth management programme. This includes understanding each customer’s needs and goals, assessing their risk profile, developing and implementing a complete financial plan and providing expert advice about any changes or new opportunities.