Apr 02 2012
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QIB (UK)'s Global Sukuk Plus Fund breaks through the US $200million mark
The Global Sukuk Plus Fund's total return since inception has been 21.43%, whilst the annualised return since inception has been 6.21%.
In tandem with strong yields, the Global Sukuk Plus Fund has also given its investors low volatility. Despite difficult times in the market over the 3 years since the Fund's inception, including the Dubai financial crisis, the Eurozone crises and the Arab Spring, the Global Sukuk Plus Fund has continued to increase in AUM, raising over US $100million in the past year. This has highlighted the appetite of investors for Sukuk, as well as the confidence in the performance of the Global Sukuk Plus Fund through turbulent times.
Mike Clark, QIB (UK)'s CEO, stated "We are pleased with the performance of the Sukuk Fund to date, with strong returns being generated on a single A average rating for the fund's holdings. Our focus will remain on performance for our investors and through that achieving further investment flows. Our strategy remains very much "active management with no surprises".
Mr. Anouar Adham, QIB (UK)'s Head of Asset Management, commented "Over the last 3 years we have developed strong competencies in the Sukuk market and have also built up a variety of sevices around this expertise such as our Sukuk Execution Services, which enables investors to trade at competitive rates in the Sukuk market through QIB (UK)'s established network. We are now developing a Wealth Management Platform that will be built around our conservative approach towards the Fixed Income markets and our structured note products (the largest Shari'a compliant structured note program in Qatar), whilst using open architecture to source best of breed equity products."
QIB (UK) continues to strengthen its relationships with Private Banks, distributing its Sukuk Fund, Shari'a compliant structured notes, Islamic Financial Institution Fund and further funds to High Net Worth Individuals across different geographic markets.
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