Qatar Investment Fund growth marginally ahead of index

14th Oct 2016 08:29

(ShareCast News) - Qatar Investment Fund issued its third quarter investment report to 30 September on Friday.The AIM-traded firm was established to capitalise on investment opportunities in Qatar and the Gulf Cooperation Council region, arising from the economic growth being experienced in the area.It invests in quoted Qatari equities listed on the Qatar Exchange in addition to companies soon to be listed, with a possible allocation of up to 15% in other listed companies elsewhere in the GCC region.Its net asset value per share for the period was up 5.7%, against Qatar Exchange Index growth of 5.6%.Qatar Investment Fund said the Qatar market was the best performer in the GCC in the quarter, with credit rating agencies affirming the Qatar outlook as stable.The company's Barzan Gas Project investment was due to start production in November, it highlighted.On 30 September, the QIF share price was trading at a 13.9% discount to NAV.