Al Rayan Investment wins 3 awards
23 Feb 2021 - 8:53
The Peninsula
Doha: Doha-based, Al Rayan Investment L.L.C. has achieved rare recognition from Euromoney’s UK-based asset management magazine, Global Investor. Global Investor recently announced 2020 MENA awards where Al Rayan Investment was the only asset manager in the Middle East to win in three categories. The firm was also a finalist in three other categories.
The prestigious Global Investor MENA awards are judged by a panel of industry experts in the UK and across MENA. For 2020, the panel awarded Al Rayan ‘Sharia Fund Manager for the Year’, ‘ETF Provider for the Year’ and ‘Qatar Asset Manager for the Year’.
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Doha: The end of an embargo on Qatar has come at a handy time for the Gulf s biggest equity-focused exchange traded fund (ETF), just as the country is set to get a boost from hosting one of the world s most popular events.
Inflows to the Doha-based Al Rayan Qatar ETF jumped when news of the potential normalization of relations with Saudi Arabia emerged late last year. Daily volumes surged earlier this month as the end of a three-year rift that also included the UAE was finally confirmed.
Now, as Qatar gets ready to host the FIFA World Cup soccer tournament next year, the benefit for listed companies ranging from logistics to telecommunications and hospitality helps to build an investment case that could appeal to wealthy Saudi and Emirati individuals, according to the fund s manager.
Biggest Gulf ETF Eyes Growth as Rift Ends, World Cup Nears
Bloomberg 1/18/2021 Filipe Pacheco
(Bloomberg) The end of an embargo on Qatar has come at a handy time for the Gulf’s biggest equity-focused exchange traded fund, just as the gas-rich country is set to get a boost from hosting one of the world’s most popular events.
Inflows to the Doha-based Al Rayan Qatar ETF jumped when news of the potential normalization of relations with Saudi Arabia emerged late last year. Daily volumes surged earlier this month as the end of a three-year rift that also included the United Arab Emirates was finally confirmed.