Abu Dhabi’s Invest AD and Hong Kong’s Quam to offer Asian investors access to Middle East
Invest AD, the Abu Dhabi-based investment company, and Hong Kong-listed Quam Ltd. have formed a partnership to offer Asian investors access to Middle East equities markets.
Invest AD will act as a sub-advisor, picking stocks for investment products offered by Quam to its strong network of professional investors in Hong Kong and Taiwan.
Middle East markets lagged last year, but have outperformed most of the world so far this year: MSCI Arabian Markets outperformed in the first four months of 2010 with 15.1% rise, compared with 3.6% MSCI Emerging Markets and 3.3% by MSCI World.
Invest AD manages four of its own equities funds investing in the Middle East and Africa, and signed a similar agreement to play a sub-advisory role for funds managed by German private bank, BHF BANK, last year.
Mohammed Al Hashemi, Head of Asset Management at Invest AD, commented: “Middle East markets are outperforming global markets this year, but they still have much further to go to catch up with the rebound that most emerging markets experienced last year. The fundamentals are strong, with the IMF expecting the region to post above 4 percent economic growth annually over the next four years.”
Bernard Pouliot, Chairman of Quam Limited, added: “Investors in Asia are looking for diversification, especially now, when key Western and Asian markets have had a good run and look fully valued. There are many opportunities materializing in the Middle East across different sectors and together with Invest AD as our sub-advisors, we look forward to launching a new fund over the coming weeks to leverage this exciting opportunity.”
- Expect China-Middle East trade to grow rapidly
- Invest AD from Abu Dhabi and SBI Holdings setting up partnership and $100 million Africa fund
- Rasmala announces the listing of its MENA Equity Opportunity Fund on the Irish Stock Exchange
- Schroders launches new Middle East Fund
- Mubadala Agrees to Invest $100 Million with Verno Capital