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Qatar Gate Fund
The Qatar Gate Fund (N/Q) invests primarily in listed Qatari equities across sectors and market-caps and are managed by Amwal in Doha, Qatar.
| Structure | An open-ended investment fund established by Amwal (Q.S.C.P.) in accordance with Law No. (25) of 2002 Concerning Investment Funds and the Ministry of Economy and Commerce Decision No. 69 of 2004 promulgating the Implementing Regulations of Law No. (25) of 2002 |
| Objective | To achieve long-term capital appreciation primarily through investing in publicly traded Qatari equity securities |
| Markets covered | Qatari Stock Exchange ("DSM") |
| Base currency | QAR |
| Management Fee | 1.75% |
| Performance Fee | 15% Over 10% Hurdle Rate |
| Minimum subscription | QAR 100,000 |
| Subscription/Redemption | Monthly |
| Administrator | HSBC |
| Custodian | HSBC |
| Bloomberg | NA |
| ISIN | NA |
The Fund Manager's Market Commentary for January, 2012
During January, QGF Q and N fell 1.7% and 1.6% respectively. In comparison, the QE Index dropped 2.4%. In our view this was a short term correction following the strong market momentum in Q4 2011.
Greece and Eurozone concerns continue to dominate headlines, and depending on the outcome, we expect to see more volatility ahead. We however remain constructive on Qatar equities, which are reasonably valued (less than 10x trailing price to earings and at 1.7x price to book) and retain good growth prospects.
Qatar Gate Fund (N)
Forms & Prospectus Qatar Gate Fund (Q)
Forms & Prospectus