QNB Managed Funds Top The List of Best Performers

Posted on : Mon, 22 June 2009

Doha, 22 June 2009 – Qatar National Bank (QNB) and Zawya announced that three QNB Group managed funds, Al Watani Funds I & II and the Beit Al Mali Fund, were the best performing funds in Qatar according to the Zawya Funds Monitor based on their performance during the 12 months ending 31 May 2009.

The analysis places QNB's Funds atop a list of 10 Qatar-focused funds managed by local and regional institutions.

According to the Zawya Funds Monitor, QNB's Al Watani funds are the best performers in the category based on year-to-date performances spanning 1 year and 3 year periods.

QNB's Al Watani Funds have outperformed the Doha Securities Market (DSM) index, with Al Watani Funds 1 & 2 recording an out performance of 46.21% and 41.81% respectively since inception in 2005, making them the best performing Qatar-related funds.

With assets under management of over QR10 billion, QNB is the largest fund manager in Qatar and the group's asset management team currently manages six funds as well as discretionary portfolios for high-net-worth clients focusing on Qatar and the GCC markets.

The performance of QNB's funds in delivering superior returns against other products in its class is attributable to QNB's strength in research and risk-averse investment and portfolio management strategies.

QNB believes the Qatari fund management industry is still in its early development and is likely to grow considerably in the coming years. QNB will look to spearhead this growth by introducing new investment options targeting continuous superior performance based on its active and in-depth experience in the Qatari market.

Zawya is a leading business information company which serves the professional financial community and provides detailed information on the top companies in the Middle East.