ahlibank announced the launch of ahli Global Equity Fund, the first fund of its kind in Oman to be regulated by the Capital Market Authority.
The Fund provides an attractive platform for clients to invest in global markets; it will be an actively managed Fund that offers diversification opportunities across geographies and sectors.
ahli Global Equity Fund has been launched to cater to investors seeking long-term capital appreciation by investing in a diversified portfolio of high-quality businesses that offer GARP (Growth-at-a-reasonable-price).
GARP is an equity investment strategy that seeks to combine both ‘growth investing’ and ‘value investing’ to select individual stocks.
With superior risk-adjusted returns, competitive service fees, and a proven investment process that is driven by bottom-up stock selection, the Fund is tailored for wide appeal and is suitable for individuals, as well as corporate and government entities.
The Fund is managed by an experienced investment management team with extensive experience in the market. It will be denominated in Omani Rial, with a minimum investment requirement of 1,000 units. As an incentive to new investors, ahlibank Asset Management will waive off all subscription and redemption fees for a limited period of three months.
Explaining the potential of the Equity Fund to investors, Ghadeer Al Lawati, Acting Head of Investment Banking at ahlibank said, “Over the past 10 years, the MSCI World Index(a broad global equity index that represents large and mid-cap equity performance across 23 Developed Markets countries)has generated an annualised return of 13.5%.
This reflects the world of opportunities awaiting investors, and strongly underscores the significance of exposure to high-quality companies to generate strong risk-adjusted returns, as well as avail benefits of diversification.”
“It is the right time to invest in global markets as the next leg of global growth will be driven by technology, disruption and innovation.
Investors must increase allocation to high-quality businesses which are set to benefit from these tailwinds to take advantage of this growth,” added Khurram Ghufran, the Head of Asset Management at ahlibank.
Elaborating further, Hana Al Kharusi, General Manager of Corporate Banking at ahlibank and Chairperson of the Board for ahli Global Equity Fund, said, “Our commitment, since the beginning, has been on creating a customer-centric standard of growth, and the launch of the ahli Global Equity Fund is an example of ahlibank’s determination to remain the partner financial institution of choice.”
