Qatar Insurance has won two awards at the ‘Mena Fund Manager Performance Awards 2019’ held in Dubai, which recognised and rewarded fund and asset managers that had outperformed their peers over the last year.
QIC won awards in two categories: the Qatar Equity Fund for its 2018 performance and the QIC GCC Equity Fund for its three-year performance.
The QIC GCC Equity Fund won the award for the best GCC fund performance over three years ending 2018 for a GCC fund with over $75mn in assets. The fund posted a return of 23.4% in US dollar terms over the three years and topped its category’s peer group comparison.
The Qatar Equity Fund posted a return of 22.8% in US dollar terms versus its benchmark performance of 20.8% and topped its category’s peer group for the year 2018.
Since inception (from July 2016 to end of 2018), the fund outperformed the benchmark index by 11.7%. The annual awards are organised by the Mena Fund Manager magazine (sponsored by S&P Dow Jones Indices) and reward asset managers that have outperformed their peers in various competition categories.
The QIC Qatar Equity 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 2016 and, as of 2019, had assets of $28.3mn. The fund seeks to make capital gains through investing in the Qatari equity market and hopes to outperform the DSM Index.
The QIC GCC Equity 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 2019, had assets of $125mn. The fund seeks to make capital gains through investing in GCC equity markets and hopes to outperform the S&P GCC Composite Index.
QIC Group president & CEO Khalifa Abdulla Turki al-Subaey said: “QIC is honoured to receive two prestigious awards, which highlight the group’s in-house expertise at managing equities. The awards inspire us to continue to excel in our investment offerings and aim to ensure sustainable returns for our customers and stakeholders.”
For more information on the fund, contact [email protected]