The First Investor GCC Equity Opportunities Fund, which is managed by The First Investor, a subsidiary of Barwa Bank Group is a 100% Shariah compliant, open-ended collective investment scheme.
Barwa said the fund’s objective will be to achieve long term capital growth through investment in a “broadly diversified portfolio” of equities and equity-related securities listed on exchanges within the Gulf Cooperation Council countries.
Robert Pramberger, The First Investor’s acting head of asset management said: “Historically, GCC markets have returned more than c.12% per annum and our selections have consistently outperformed the market. Furthermore, we believe that regional equities are trading at relatively attractive valuations and are offering very compelling dividend yields.”
The fund offers up to 2,000,000 units at QR1,000 during the Initial Offering Period, thereafter at the net asset value per unit on each valuation day.
The fund is targeted at Qatari Institutions as well as Qatari individuals and can be subscribed to at any of the five Barwa Bank branches in Qatar.
