The First Investor (TFI), the investment banking division of the Barwa Bank Group, has won the “Best Investment Fund” award at the Banker Middle East Product Awards 2014, recently.

A special hand-over ceremony was held at TFI headquarters recently, where Yousef Al Obaidan, acting CEO of TFI, received the accolade from the Banker Middle East for its TFI GCC Equity Opportunities Fund, a Shari’ah-compliant equity fund focused on GCC Equities.

The awards were established by CPI Financial, publishers of Banker Middle East, in 2005 to recognise banking products and services that are either exceptionally innovative or have generated excellent financial results and growth in market share. The awards are based on a peer-vote process.

A statement from TFI said: “We are delighted to win Best Investment Fund for the GCC Equity Fund. This product has been very promising and as so far has achieved great returns while still attracting a large number of investors.”

“Over the past few years, our asset management team consistently out-performed all agreed benchmarks for its discretionary portfolios and significantly out-performed its peer group,” it added. – TradeArabia News Service