Kippreport gets insights from Mike Belk, CEO and president of Daimler Middle East and LevantMarch 26, 2015 12:02
ALQUITY INVESTMENT’S AFRICA FUND TOPS BRIC INDICES AND GROWS BY OVER 15%
“Amount of UAE-Based Clients’ Investments Has Increased By More Than 50%”
“Research shows 40% of 1,500 Job Opportunities Created by Alquity Came From UAE-Based Investments”
June 13, 2013 4:02 by melbatta
Alquity Investment Management, an experienced fund management company specializing in innovative investment, has outperformed the majority of Brazil, Russia, India and China (BRIC) country stock market indices, growing by 15.97% in USD terms since the end of December 2011 through its Alquity Africa Fund.
Over this period, the Fund’s growth has surpassed the Shanghai Composite Index (SCI) and the Russian Trading System Cash Index (RTSI), which have increased by only 1.18% and 1.83% respectively. The Indian Sensex index (SENSEX) was the best performer growing by 24.93%. However, Brazil’s Bovespa Stock Index (IBOV) has dropped, decreasing by -8.17%.
Paul Robinson, Alquity CEO, said: “We are extremely proud of the soaring growth experienced by the fund over such a short period of time and are particularly fond of our Middle Eastern clients’ interest in Africa.” “We certainly expect more success with investment from leading UAE companies as trade ties continue to strengthen,” he posited.
The Alquity Africa Fund, an investment opportunity committed to generating attractive, long term returns for investors across the African continent, stands at the forefront as the fund chosen by 70% of UAE financial advising clients from the percentage which have selected Africa as their location of interest. The Fund invests in companies quoted on African stock exchanges as well as others outside of Africa, given that larger portions of their income or profit come from within the continent.
“There has been a strong upward trend towards investment in Africa in 2013 and the amount of investment managed on behalf of UAE-based clients has increased by more than 50%,” Robinson added.
Research has shown that approximately 40% of the 1,500 job opportunities created by Alquity came from UAE-based investments, which translated into an impact on over 7,500 lives in Africa consequentially enhancing the long-term potential for investment returns in the regions in which the Alquity Fund invests. Additionally, 82% of advisers globally said they were likely to consider recommending Africa as an investment destination for clients.
Alquity offers investors a one-stop opportunity to participate in the exciting growth potential of Africa implementing a long-term, sustainable investment approach. The firm donates a minimum of 25% of net management fee revenue from the African Fund to support local economic development, also supporting small business start-ups and helping create jobs in Africa through microfinance without any impact on investor returns.
About Alquity Investment Management
Alquity Investment Management (Alquity) is part of the Alquity Group. It is a long-standing investment management group with approximately US$70 million of assets under management. Alquity Investment Management offers a new model for investment management built around three core principles: attractive returns, sustainable investment and transforming lives.