The Al Mal UAE Equity Fund has been ranked as the top rated fund in its class for eight consecutive quarters according to Zawya Funds Ranking.
By the end of March 2011, the Al Mal UAE Equity Fund outperformed the benchmark by 31.3% while the Al Mal MENA Equity Fund beat its benchmark by 8%. Tariq Qaqish, Fund Manager of the two flagship equity funds articulated, "The first three months of the year were turbulent and challenging but we think we were able sustain reasonable performance compared to our peers."
"With the US and Europe's debt concerns as well as regional political instability, markets will likely remain challenging," Qaqish said. Nonetheless, he continued to state, "The UAE economy is showing signs of improvement: Dubai credit default swaps remain virtually unaffected by Euro zone troubles; liquidity is increasing as EIBOR continues to drop; annual money supply (M2) growth is above 10% and the HSBC Purchasing Manager Index is gaining momentum, currently above 55. Additionally, UAE's economy is expected to grow by more than 4% in 2011 and oil prices remain elevated supporting a high budget surplus." 
"Our investment strategy is consistent, clear and has worked relatively well over the long-term. Team interaction, market intelligence coupled with consistent management meetings continues to add value to our selection process."
Al Mal Capital Asset Management introduced the Al Mal Saudi Shariah Equity Fund in Q1 of 2011 for qualified investors, a Shariah compliant fund investing in equities.
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About Al Mal Capital
Al Mal Capital is a diversified, multi-line Investment Company headquartered in Dubai, UAE and licensed and regulated by the Central Bank of the United Arab Emirates. Al Mal Capital offers a wide range of investment products and services for institutions, banks and wealthy individuals, encompassing Investment Banking, Brokerage and Asset Management.
About Zawya
Zawya focuses on the developing business and investment environment in the Middle East. The company provides professionals with the means to identify, assess and monitor business and investment opportunities in both private and public markets across the Middle East and North Africa. Headquartered in Dubai, Zawya has presence in Saudi Arabia, Bahrain and Lebanon.
For More Information Contact us:
Tel +9714 3601111
assetmanagement@almalcapital.com
© Press Release 2011
