Gulf Investment Fund – In good hands
In terms of both its alpha generation and NAV returns, Gulf Investment Fund (GIF) has been one of the best-performing strategies focusing on the Gulf region. The management team has recently increased exposure to the healthcare sector, which it believes benefits from both government initiatives and the growing wealth of the GCC consumer. The management team also note the success of local financial institutions, which it says reflects the increasing mass affluence of the region.Jubin Jose stepped down at the end of last year as GIF’s portfolio manager, and has been replaced by Bijoy Joy, who was previously the assistant portfolio manager. Bijoy has worked with Jubin for the past 10 years so the team expects this transition to be smooth. We note that GIF is currently trading at a large discount (12.3%), versus a long history of trading at a premium rating.
Gulf Investment Fund is a closed-end investment company based in the Isle of Man. Co.'s investment objective is to capture, principally through the medium of the Qatar Exchange (formerly the Doha Securities Market), the opportunities for growth offered by the expanding Qatari economy by investing in listed companies or companies soon to be listed. Co. also invests in listed companies, or pre-IPO companies, in other Cooperation Council for Arab States of the Gulf (GCC) countries. Co.'s top five holdings include Qatar National Bank, Commercial Bank of Qatar, Qatar Islamic Bank, Industries Qatar and Ooredoo. As of June 30, 2014, Co. had total assets of US$220,074,000.
QuotedData you with provides access to research on Investment Companies, Investment Trusts and Mining companies. Our aim is to provide you all the information you might need to make your own investment decisions. We cannot offer you advice on your investments.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.