NBK unit tops Qatar equity funds
Doha, February 19, 2011
NBK Qatar Equity Fund, a unit of Qatar-based investments leader NBK Capital, is the best Qatar equity fund according to the latest fund ranking by Zawya, a leading source of financial information in the Middle East.
The ranking process was based on four components: fund returns, fund volatility, fees, and compliance, a statement said.
“Achieving a 32.6 per cent return for 2010, and now being named as top Qatar equity fund by Zawya is a result of to the Fund’s successful strategy, which focuses on the detailed analysis of different equities and their expected returns in the long run,” said Nabil Maroof, managing director of asset management at NBK Capital.
“This strategy is a reflection of the company's strategy which seeks to provide the best services and products to customers,” he added.
NBK Qatar Equity Fund seeks to increase the value of capital over the long term by investing in the shares of the State of Qatar.
The Zawya Funds Ranking is announced on a quarterly basis and includes funds investing in the Doha Securities Market. The ranking excludes funds that are less than $15 million and funds that have not completed the minimum period for evaluation, which is three years of historical data. – TradeArabia News Service