The Mena Asset Management Barometer, sponsored by the Qatar Financial Centre Authority (QFCA), has ranked Qatar Gate Fund, managed by Amwal, as the top fund in its ranking by three-year performance. Amwal’s Qatar Funds N and Q — in first and second position, respectively — have returned 55.7% and 52.9% gains in three-year horizon ending December 2012, according to the barometer, which was launched in April this year. “Our focus has been to build a long term track record, so that year after year we can show investors that a professional and methodical approach to managing money does deliver superior results,” Afa Boran, head of Asset Management at Amwal (PICTURED), said. Jadwa Investment came in the third and fourth position with its GCC Equity Fund and Saudi Equity Fund delivering a three-year return of 51.8% and 49.8% respectively. Saudi Fransi Capital came in the fifth position with its Equity Trading Fund offering 48.5% return, followed by NCB Capital (Al Ahli Saudi Mid-Cap Equity Fund, 46.2%) and HSBC Saudi Arabia (Amanah GCC Equity Fund, 41.9%). Riyad Capital came in the eight and ninth positions with its Small and Medium Cap Fund and American Stock Fund returning 41.1% and 39.1% gains and ANB Invest was in the 10th rank with its Al Arabi US Equity Fund extending 38% returns.
