Qatar Investment Fund: Not About Oil
Edison | Dec 02, 2015 02:36AM ET
Not about oil
Qatar Investment Fund (QIF) offers exposure to growth in Qatar’s diversifying economy, which is benefiting from prudently reinvested oil “super profits.” Qatar is seeing above average GDP growth and its stock market has shown low correlation with the oil price. The fund seeks to capture the benefits of infrastructure investment, national development and diversification underpinned by wealth accumulated from hydrocarbon reserves. Prudence at national and fund level and the implicit government backing enjoyed by many of QIF’s portfolio companies may make this an interesting fund for investors seeking capital growth and a yield of c 3%.
Investment strategy: Top down and fundamental
There are 43 stocks listed on the Qatar Exchange (QE), of which 20 make up the QE benchmark index. The manager of QIF identifies long-term trends and selects holdings to benefit from those following detailed bottom-up analysis. Opportunities to capture value in the shorter term are also taken where the manager believes a stock is mispriced. Up to 15% of the portfolio may be allocated to stocks listed on exchanges of Gulf Cooperation Council (GCC) states other than Qatar, allowing alpha to be captured where it arises in the region.
To Read the Entire Report Please Click on the pdf File Below
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.