Khalifa Abdulla Turki Al Subaey, Group President & CEO of QIC Group
DOHA: The QIC GCC Equity Fund won the award for the best GCC fund performance in 2017 for a fund with over $75m in assets at the annual MENA Fund Manager Award 2018 ceremony held recently in Dubai.
The Fund posted a return of 7.5 percent in USD terms versus its benchmark performance of 3.3 percent and topped its category’s peer group for the year.
The prestigious annual awards are organised by the MENA Fund Manager magazine and over fifty different funds entered the various competition categories.
The QIC GCC Fund is a Luxembourg domiciled fund, managed by fifty year old Swiss firm Notz Stucki and advised by QIC.
The Fund was seeded and launched by QIC in 2014 and, as of February 2018, had assets of $94m.
The Fund seeks to make capital gains through investing in GCC equity markets and hopes to outperform the S&P GCC Composite Index.
“QIC is honoured to receive this prestigious award, it highlights the Group’s in-house expertise at managing GCC equities and acknowledges the team’s hard work, said Group President & CEO of QIC Group Khalifa Abdulla Turki Al Subaey.
“This award inspires us to continue to seek to excel in our investment offerings and to aim to ensure sustainable returns for our customers and stakeholders,” he added.
