The QIC GCC Equity Fund has won the award for the ‘Best GCC Fund Performance in 2017’ for a GCC fund with over $75mn in assets at the annual Mena Fund Manager Award ceremony held recently in Dubai.  
The fund posted a return of 7.5% in US dollar terms versus its benchmark performance of 3.3% and topped its category’s peer group for the year. 
The annual awards is organised by the Mena Fund Manager Magazine and over 50 different funds entered the various competition categories. 
The QIC GCC Fund is a Luxembourg domiciled fund, managed by 50-year old Swiss firm Notz Stucki and advised by QIC. The fund was seeded and launched by QIC in 2014 and, as of February 2018, had assets worth $94mn.  
The fund seeks to make capital gains through investing in GCC equity markets and hopes to outperform the S&P GCC Composite Index. For more information on the fund, contact [email protected].
QIC Group president & CEO Khalifa Abdulla Turki al-Subaey said: “QIC is honoured to receive this prestigious award. 
It highlights the group’s in-house expertise at managing GCC equities and acknowledges the team’s hard work. 
This award inspires us to continue to seek to excel in our investment offerings and to aim to ensure sustainable returns for our customers and stakeholders.”