Doha: Doha Bank CEO Dr R Seetharaman yesterday announced that the bank’s much-awaited QE Index ETF (QETF), will hit the market in February.
Speaking to the media yesterday, the Dr Seetharaman said the bank has already received formal approval from the regulator to list the Fund and the listing will be done within next two weeks.
“Its a great opportunity for both local and international investors. Qatar pension fund is an integral part of the fund; and we have a dedicated liquidity provider as well”, he said
The Group is the liquidity provider and Qatar’s award-winning top asset management company Amwal will manage the Fund.
The QETF will invest and replicate the Qatar Index largest 20 companies in terms of market capitalization and liquid listings. The fund will replicate the index in performance, net of fees. What the investors have to do is to just subscribe to the fund, he said.
The fund will pay an annual dividend. The offering will enjoy easy access, as the investor needs only an investor number and broker and the ETF will be easily traded in the secondary market like other current listings.
The fund enjoys full support from regulators and currently the bank is raising seed capital.
