The First Investor (TFI), the investment banking subsidiary of Barwa Bank Group, has won an award for “best investment fund”, one of the “Banker Middle East” Product Awards 2013.
TFI received the award for its TFI GCC Equity Opportunities Fund, a Shariah-compliant equity fund focused on GCC equities which TFI launched in November 2012 and attracted nearly QR90mn during the first month of subscription.
Receiving the award at a ceremony held at Barwa Bank Group headquarters in Doha last week, Khalid al-Subaie, chief executive officer, TFI, said: “We are delighted to win “best investment fund” for the GCC Equity Fund award. It is a very promising product and is expected to attract a large number of investors as, over the last three years, our asset management team consistently outperformed all agreed benchmarks for its discretionary portfolios and significantly outperformed its peer group.”
TFI’s asset management activity is Shariah-compliant and focuses upon the management of regional public and discretionary investment portfolios and aims to achieve long-term growth of capital and income through listed securities. It also offers thematic structured products as well as Sukuk portfolio management services.
Barwa Bank and The First Investor intend to launch more products targeting retail and institutional investors as well as government related entities.