money & pens

Gulf Investment Fund

LN: GIF

£103.6m market cap

1.12p last close

GIF aims to deliver capital growth though exposure to the Qatari economy by investing in companies listed on, or soon to be listed on, the Qatar Exchange. 15% of the fund may be invested in companies listed in other GCC countries. GIF is incorporated as a closed-end investment company in the Isle of Man and listed on the main market of the London Stock Exchange.

Investment summary

Qatar Investment Fund (QIF) aims to generate long-term capital growth from a relatively concentrated portfolio of c 25 holdings. The majority of the fund is invested in companies listed in Qatar, but up to 15% may be listed in other Gulf Cooperation Council (GCC) countries. Qatar has favourable economic growth led by infrastructure spending and population growth, as the Qatari government actively moves away from its traditional reliance on hydrocarbon-based revenues. QIF is benchmarked against the Qatar Exchange index – its NAV total return has outperformed over one, three and five years.

Share price graph
Price performance
%
1m
3m
12m
Actual (1.3) 9.8 21.7
Relative* (1.7) 3.3 21.1
52-week high/low 1.1p/0.9p
*% relative to local index
Key management
Nick Wilson Chairman
Jubin Jose Fund manager

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