DOHA: Amwal, Qatar’s leading independent asset management firm was awarded the ‘Best Asset Manager’ in Qatar for the fourth year in a row by EMEA Finance.
Commenting on the win, Fahmi Alghussein, CEO of Amwal, said: “We take pride in being the only asset manager in Qatar whose fund has outperformed the index every calendar year since 2006. Amwal’s Qatar Gate Fund over the past five years has successfully achieved gross returns of over 57 percent above the benchmark Qatar Exchange Price Index and was ranked the number one equity fund in the MENA region for 2013.
“Over the past 16 years, Amwal’s performance and pioneering investment approach has earned the respect of investors and industry peers both in Qatar and the region. We are confident that this award further cements our strong positioning and market leadership and encourages us to continue offering innovative products and services that deliver maximum sustainable return on investments.”
In 2014, Amwal was appointed as the manager for Al Hayer GCC fund. “We are confident we will replicate our home market success in a wider GCC context using the same rigorous fundamental approach to investing”, he added. Amwal’s flagship products include the Qatar Gate Fund in partnership with Ahli Bank, and the Al Hayer GCC Fund in association with Doha Bank. Both products aim to achieve sustainable long term capital appreciation. The Peninsula
