Latest news with #QatarEquityFund
Zawya
25-06-2025
- Business
- Zawya
QIA launches $200mln fund with Fiera Capital to boost investment in Qatari stocks
The Qatar Investment Authority and Canadian asset manager Fiera Capital have launched a $200 million fund to boost foreign and local investment into the Gulf state's stock market, QIA said on Wednesday. The fund was announced just days after a major escalation in tensions in the Middle East after Iran on Monday fired missiles at a U.S. military base in Qatar in response to U.S. attacks on Iranian nuclear sites. The Fiera Qatar Equity Fund will be structured as a daily-dealing mutual fund, and QIA - the country's $500 billion sovereign wealth fund - will be its anchor investor, it said in a statement. "Attracting overseas asset managers to invest in Qatar equity will fuel market participation and help to diversify and broaden the market," QIA Chief Executive Mohammed Saif Al-Sowaidi said. Qatar is one of the world's biggest exporters of liquefied natural gas. Like other Gulf oil and gas exporters, it is trying to diversify its economy away from hydrocarbons, and attract increased foreign investment. While neighbours Saudi Arabia and the United Arab Emirates have experienced an IPO boom in recent years, market insiders have attributed the lack of Qatari deals to the impact of the COVID-19 pandemic and the country's focus on the 2022 World Cup. The tie-up with Toronto-listed Fiera Capital, which had $117 billion in assets as of March 31, is part of the QIA's broader initiative to establish partnerships with global asset managers who have a Gulf focus, as well as local asset managers. They include Ashmore Group, which has launched a $200 million fund with the QIA and last month opened a Doha office. Following this week's escalation, a ceasefire between Iran and Israel was announced by Washington.
Zawya
03-06-2025
- Business
- Zawya
Ashmore receives authorisation for a regulated business in Qatar
Follows strategic partnership with Qatar Investment Authority ('QIA') under the Active Asset Management Initiative, aligning with the country's National Vision 2030 and ambitions to continue economic growth trajectory Ashmore Group plc ('Ashmore' or 'the Group'), the specialist Emerging Markets asset manager that manages US$46.2 billion, announces that Ashmore Qatar has been authorised by the Qatar Financial Centre Regulatory Authority ('QFCRA'). Ashmore has a long history of investing in Qatar and has conducted business with the country for more than two decades. The Ashmore Qatar office, which will operate under the QFCRA's regulatory framework, will participate in Ashmore's investment committees, including the provision of advice and input on the management of the Ashmore Qatar Equity Fund ('AQEF'), which was launched in January 2024 with the QIA as an anchor investor. Since inception to end April 2025, AQEF has delivered a cumulative gross USD return of 18.5% and has outperformed its benchmark index by 345 basis points. Additionally, the office will support the development of relationships with local investors, providing access to Ashmore's full range of Emerging Markets investment strategies across equities, fixed income and alternatives asset classes. Ashmore currently manages approximately US$10 billion on behalf of clients based in the Middle East, which is invested in a diversified range of listed equity, fixed income and thematic private equity strategies. The establishment of an office in Qatar is line with Ashmore's strategy to develop a network of local businesses in attractive emerging economies. The new business complements Ashmore's other offices in Colombia, India, Indonesia, Peru, Saudi Arabia and the UAE, which together manage US$7.5 billion of assets, representing 16% of the Group's total AuM. Mark Coombs, Chief Executive Officer, Ashmore Group plc, said: 'We are delighted to open our new office in Qatar, as a natural evolution of our long relationship. The country provides exciting growth opportunities as its domestic capital markets broaden and deepen, and its National Vision 2030 raises Qatar's profile as an important investment destination for international investors. We look forward to our Qatar operations contributing to the growth and diversification benefits to the Group provided by Ashmore's other local emerging markets businesses.' Commenting on this milestone, Yousuf Mohamed Al-Jaida, Chief Executive Officer, QFC, stated: 'We are pleased to welcome Ashmore Group to the Qatar Financial Centre. As a globally recognised leader in emerging markets investment, Ashmore's presence in Qatar reflects the growing appeal of our financial ecosystem and the strength of our regulatory framework. At the QFC, we are committed to providing a supportive platform for leading global institutions, enabling them to thrive and contribute meaningfully to the diversification and development of Qatar's financial services sector, in line with the goals of Qatar National Vision 2030.' Media contact details for Ashmore Group: Cardew Group Ashmore@ +44 207 766 1212 Henry Crane +44 7918 207157 Luke Bramwell +44 7467 992924 Media contact details for QFC: QFC Corporate Communications Rasha Kamaleddine +974 5504 9647
Zawya
21-05-2025
- Business
- Zawya
Asset manager Ashmore Group opens Qatar office
DOHA: British asset manager Ashmore Group has opened an office in Qatar to advise on investment opportunities and build relationships with domestic investors in the wealthy Gulf state, it said on Wednesday. The office will also provide input on the $200 million Ashmore Qatar Equity Fund (AQEF), which was set up in 2024 with the Qatar Investment Authority (QIA), the state's $500 billion sovereign wealth fund, by re-allocating shares in listed Qatari companies. The QIA's broader asset management initiative aims to establish partnerships with global asset managers which have a Gulf focus, like Ashmore, and local asset managers which meet the considerations for a QIA investment. "Since inception to end April 2025, AQEF has delivered a cumulative gross USD return of 18.5% and has outperformed its benchmark index by 345 basis points," Ashmore said in a statement. Qatar is one of the world's top exporters of liquefied natural gas. Like other Gulf oil and gas exporters, it is trying to diversify its economy away from hydrocarbons, and attract increased foreign investment. (Reporting by Andrew Mills; Editing by Jamie Freed and Rachna Uppal)
Reuters
21-05-2025
- Business
- Reuters
Asset manager Ashmore Group opens Qatar office
DOHA, May 21 (Reuters) - British asset manager Ashmore Group (ASHM.L), opens new tab has opened an office in Qatar to advise on investment opportunities and build relationships with domestic investors in the wealthy Gulf state, it said on Wednesday. The office will also provide input on the $200 million Ashmore Qatar Equity Fund (AQEF), which was set in 2024 with the Qatar Investment Authority (QIA), the state's $500 billion sovereign wealth fund, by re-allocating shares in listed Qatari companies. The QIA's broader asset management initiative aims to establish partnerships with global asset managers which have a Gulf focus, like Ashmore, and local asset managers which meet the considerations for a QIA investment. "Since inception to end April 2025, AQEF has delivered a cumulative gross USD return of 18.5% and has outperformed its benchmark index by 345 basis points," Ashmore said in a statement. Qatar is one of the world's top exporters of liquefied natural gas. Like other Gulf oil and gas exporters, it is trying to diversify its economy away from hydrocarbons, and attract increased foreign investment.
