MUSCAT, 25 January 2017 - A mobile application launched by Bank Muscat Asset Management is proving popular in familiarising customers with the world of investment. The app has a very user friendly interface providing highlights of various investment product offerings such as mutual funds and throws light on frequently asked questions (FAQs) on risks and returns associated with investing, understanding investing and how to plan for it.
Unleashing an innovative concept aimed at adding value and enhancing the banking experience, the asset management app is accessible for Bank Muscat customers and non-bank customers. The Bank Muscat Asset Management app is available in English and can be downloaded free from Apple Store, Google Play Store, Windows Store or Blackberry World. Users are only required to register themselves to have access to the app.
Detailed information of Bank Muscat Asset Management products are available on the app to help customers invest in these schemes. Another key feature of the app relates to financial tools and calculators. The app also updates customers on financial market developments.
In Oman, the tech-savvy youth are increasingly adapting to mobile banking and the app serves as an extension of the top-notch banking facility from Bank Muscat which lays emphasis on innovative channels and products to enhance service in tune with the modern banking requirements. A keen perception of customer requirements enables Bank Muscat to develop products in line with the current and emerging needs.
Bank Muscat is the largest asset manager in Oman with the Private Equity and Asset Management division managing over $2.1 billion worth of assets. The paramount position enjoyed by Bank Muscat Private Equity and Asset Management division reaffirms the bank as a safe and reliable partner for financial investments. The bank constantly endeavours to offer the highest quality of service backed by professionals with proven investment management skills.
Bank Muscat Asset Management introduced the concept of mutual funds to Oman as well as index investing to the GCC. The bank's flagship mutual funds are Muscat Fund and Oryx Fund. For the second consecutive year, Bank Muscat Oryx Fund won the prestigious 2016 Thomson Reuters Lipper Fund Award for the 'Best MENA Fund' based on its last 3-year performance.