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HONG KONG, May 25, 2010 - (ACN Newswire) - Invest AD, the Abu Dhabi-based investment company, and Hong Kong-listed Quam Ltd. have formed a partnership to offer Asian investors access to Middle East equities markets.
Invest AD will act as a sub-advisor, identifying stocks for investment products offered by Quam to its strong network of professional investors in Hong Kong and Taiwan.
Middle East markets lagged last year, but have outperformed most of the world so far this year: MSCI Arabian Markets outperformed in the first four months of 2010 with 15.1% rise, compared with 3.6% MSCI Emerging Markets and 3.3% by MSCI World.
Invest AD manages four of its own equities funds investing in the Middle East and Africa, and signed a similar agreement to play a sub-advisory role for funds managed by German private bank, BHF BANK, last year.
Mohammed Al Hashemi, Head of Asset Management at Invest AD, commented: "Middle East markets are outperforming global markets this year, but they still have much further to go to catch up with the rebound that most emerging markets experienced last year. The fundamentals are strong, with the IMF expecting the region to post above 4 percent economic growth annually over the next four years."
Bernard Pouliot, Chairman of Quam Limited, added: "Investors in Asia are looking for diversification, especially now, when key Western and Asian markets have had a good run and look fully valued. There are many opportunities materializing in the Middle East across different sectors and together with Invest AD as our sub-advisors, we look forward to launching a new fund over the coming weeks to leverage this exciting opportunity."
About Invest AD
Invest AD, the Abu Dhabi-based investment company, provides global investors exceptional opportunities in the Middle East and Africa. Blending international best practice and intimate local knowledge, the company offers professionally managed investment vehicles that invest in listed equities and private equity. Originally created as the Abu Dhabi Investment Company in 1977, Invest AD also continues to invest on behalf of the Abu Dhabi government. Owned by the Abu Dhabi Investment Council - a strong and supportive parent - Invest AD is closely aligned with the long-term diversification and growth objectives of the Abu Dhabi authorities as clearly expressed in the government's long-term strategy, the Abu Dhabi 2030 Vision. For more information, please visit www.investad.ae.
Contact:
Dominic Whiting
+971 2 6926336
Email: d.whiting@investad.ae
Assheton Spiegelberg
+971 4 3658260
Joseph Lo
+852 9850 5033
Email: investad@brunswickgroup.com
Coy Roldan
+852 9377 0772
Email: coy.roldan@quamgroup.com
Topic: New Service
Source: Quam Limited
Sectors: Daily Finance
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From the Asia Corporate News Network
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