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Doha - QInvest, Qatar's leading investment bank and one of the most prominent Islamic financial institutions in the world, announces that it is launching a sharia'a-compliant European Equities fund in partnership with Pioneer Investments, a leading global asset management firm with over US$246 billion in assets under management*. Pioneer Investments will manage the fund and act as sub advisor.
The fund will focus on investing in pan-European blue-chip, mid and large-cap stocks. It will be actively managed by the specialist European Equity team at Pioneer Investments, with Andrew Arbuthnot as the Portfolio Manager. The team has been managing European Equity assets for fifteen years based on a consistently applied research-driven philosophy and process. This approach has provided a strong track record over the medium to long term through all market cycles. The fund's investment strategy will be similar to the Pioneer European Concentrated Equity Strategy, which currently has in the region of US$1.3 billion under management** and has been managed by Andrew Arbuthnot since 2001.
Dr Ataf Ahmed, Head of Asset Management at QInvest, said, "The launch of this fund broadens our offering to clients, providing access to a portfolio with dedicated pan-European exposure. We believe that the current macroeconomic environment in Europe, characterised by a weak euro, low oil prices and the likely onset of quantitative easing by the ECB, will be positive for European businesses and create some compelling investment opportunities over the mid-term. We are very excited by this partnership and look forward to working with the investment team at Pioneer Investments."
Neal Jenkins, Head of the Middle East, Central Asia and Africa region at Pioneer Investments, commented, "Around the world, there is a growing demand for sharia'a-compliant European-focused products. This is being driven by not just Islamic investors looking to increase their exposure to European stocks, but also by conventional investors looking to diversify their portfolios, many of whom are being drawn to the more ethical investing principles of Islamic finance. We are pleased our successful track record in managing European equity portfolios was able to attract such a strong partner as QInvest and we look forward to working together with them with the aim of capturing this growing global demand".
Tamim Hamad Al Kawari, Chief Executive Officer of QInvest said, "QInvest has focused on expanding the capabilities of QInvest Asset Management and in particular QMAP, the QInvest Managed Account Platform. The addition of this fund further expands the product offering available on our platform to potential equity investors, and offers clients a portfolio with a dedicated pan-European exposure".
* AUM as at December 31st 2014
**AUM as at December 31st 2014
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About QInvest
QInvest is Qatar's leading investment bankwith operations across the Middle East, Africa and Europe, and one of the most prominent Islamic financial institutions in the world. QInvest has built world class investment and advisory capabilities, with the highest standards of governance and transparency underpinning its client-focused approach. The firm's priority is to deliver high-value propositions, considered solutions and tangible results for its clients and shareholders.
The firm has offices in Doha, Riyadh and Istanbul, as well as affiliates in India and the UK. Its team of investment professionals is the largest in the MENA region and provides a blend of broad international experience, deep regional knowledge and unparalleled relationships in Qatar. This reach and range of skills uniquely position the firm to facilitate the flow of business between Qatar, the region and global markets, making it a key institution in Qatar's international investment plans.
QInvest's three business divisions are Asset Management, Investment Banking and Principal Investments. It has unrivalled expertise in structuring Islamic products and provides clients with sharia'a compliant solutions quickly and competitively.
QInvest was licensed by the Qatar Financial Centre Authority in April 2007 and is authorised by the Qatar Financial Centre Regulatory Authority. QInvest's shareholders include Qatar Islamic Bank, other institutional investors, as well as high-net-worth individuals. The firm has authorized capital of US$ 1 billion and paid up capital of US$ 750 million.
For further information, please visit www.qinvest.com
About Pioneer Investments
Pioneer Investments, founded in 1928, is the trading name of the Pioneer Global Asset Management S.p.A. group of companies. Pioneer Investments is a global investment firm with offices in 28 countries, 2,000 employees and over €200 billion in assets under management as of December 2014. Pioneer Global Asset Management S.p.A. is a wholly-owned subsidiary of UniCredit S.p.A.
For enquiries:
Bassel Hanbali - Head of Marketing, Corporate Communications & Investor Relations
QInvest
Tel: +97466542099
Email: bassel.hanbali@qinvest.com
© Press Release 2015
