Doha,Qatar, Thursday, December 9th 2010 [ME NewsWire]:
- QInvest and AMBIT held “Invest in India” workshop
- US$ 1.3 trillion market capitalization has fuelled an Indian stock market to achieve the best performance among emerging markets.
As a continued sign of its clients’ appetite, QInvest, Qatar’s leading Investment Bank, in collaboration with India’s premier financial services partner, Ambit, announced the launch of the Ambit QInvest India Fund, an open ended Sharia’a compliant Indian Equities Fund. The fund is the region’s first and India’s largest Sharia’a Compliant equity fund with an investment strategy that will combine dynamic equity allocation to generate returns.
The Ambit QInvest India Fund further strengthens QInvest’s position as the leading investment bank in developing Sharia’a compliant innovative solutions to satisfy its Qatari and regional clients’ appetite towards investing in growth markets.
Leveraging Ambit’s expertise and consistent track record, the fund offers an attractive entry point for investors to leverage the potential for long term price appreciation underpinned by strong growth drivers in the Indian market. QInvest conviction in this project and the Indian market is further demonstrated by seeding capital into the product.
Commenting on this launch, QInvest’s CEO, Shahzad Shahbaz, said: “ The Indian equity market provides investors with a highly attractive opportunity to invest in a diversified range of Sharia’a compliant equities.The market capitalization of Sharia'a compliant companies within the Nifty, stock market index, is nearly 60%”.
“The Fund’s performance in the last three months, since inception, is 10.4%” Shahbaz added.
QInvest and Ambit recently organized a professional workshop entitled “Invest in India” at the Four Seasons hotel in Doha, Qatar. Attended by a group of senior bankers and institutional investors, the workshop addressed the current status of the Indian equity market that offers distinct advantages for investors seeking to leverage the fast growing Indian market and an opportunity to diversify their portfolios.
Over 6,000 listed companies boasting in excess of US$ 1.3 trillion market capitalization has enabled the Indian stock market to be ranked as one of the best performance among emerging markets. And while China has outperformed on economic growth, India has provided consistent returns to stock market investors in the last 5 years in overall terms.
“Key Sharia’a compliant growth sectors in the Indian economy are likely to witness significant activity including power, roads, automotive, pharmaceutical and consumer staple and non-staple products.” Said Andrew Holland, Equities CEO at India’s Ambit Capital Pvt Ltd
With many global pension funds increasing their India weightage, a re-rating of the market is probably warranted. “We see the Sensex, Indian stock market index, at 23,000 by March 2011,” added Holland. “The Indian economy should see robust growth and given that valuations remain attractive, investors are looking to reallocate capital away from more developed equity markets, where their confidence is lower”.
To further strengthen its access to the Indian market, QInvest made an important strategic investment by taking a stake of 25% in India’s Investment Bank, Ambit Corporate Finance Pvt Ltd, giving clients access to this high growth market in which many investors have expressed keen interest. Just recently, QInvest has acquired a 28% stake in Asian Business Exhibition & Conferences Ltd (ABECL), India’s leading exhibitions and conferences organizer, to further expand ABECL’s operations within India and internationally.
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Notes to the Editor
About QInvest
QInvest was licensed by the Qatar Financial Centre Authority in April 2007 and is authorised by the Qatar Financial Centre Regulatory Authority. The firm has authorized capital of USD 1 billion and paid up capital of USD 750 million.
Led by Chairman H.E. Sheikh Jassim Bin Hamad Bin Jabr Al Thani, and Chief Executive Officer Shahzad Shahbaz, QInvest has created a world class investment banking capability operating under Sharia’a compliant structures, with the highest standards of governance and transparency.
The QInvest shareholder structure includes Qatar Islamic Bank and other institutional investors, as well as prominent high net worth individuals from across the region. The platform offers a broad range of expertise which enables QInvest to deliver a high value service to clients, seamlessly covering advisory, financing and investment needs.
QInvest’s business lines include investment banking, investment management, brokerage and wealth management, with dedicated origination and placement teams.
With over 130 staff, including 65 front office professionals, QInvest’s talented team of investment bankers brings a valuable mix of both international experience and regional knowledge, enabling the Firm to pursue opportunities across its chosen markets of the Middle East, Africa, Turkey, South Asia and South-East Asia.
Extending beyond this geographic focus, the firm also pursues opportunistic transactions globally where it identifies high value propositions for clients.www.qinvest.com
About Ambit
Ambit is a cohesive network of companies with an array of ability within the financial service spectrum, providing clients with a range of comprehensive and integrated services.
Ambit Corporate Finance, the flagship company of the group is consistently ranked as one of the top Investment Banks per the Bloomberg Rankings. It offers world-class services that include mergers, acquisitions and divestitures; structured finance and public market fund raising.
Ambit Capital, the brokerage arm of Ambit offers services like securities brokerage, equity research, institutional broking, private client group, private wealth management and portfolio management services.
The Investment Advisory group sub-advises the Ambit Frontier Fund, a Long-short India dedicated equity fund operating from Mauritius. The fund caters to the investment needs of global investors wanting to participate in the Indian equity markets.
Ambit Finvest offers various products and services that range from IPO funding, loan against securities, promoter funding, margin funding, ESOP financing, etc.
Ambit Pragma, the private equity arm, constantly explores future business models and makes financial and intellectual capital available to mid-level companies in India. Ambit Pragma specifically focuses on offering growth capital to mid-market firms, enabling them to emerge as significant players in their respective segments.
Expanding from its core business of Investment banking into newer areas like securities brokerage, wealth management, fund management, private equity, Ambit is on its way to becoming one of the most unique and value driven firms in India.www.ambitholdings.com
For media enquiries, please contact:
Bassel Hanbali –
Head of Marketing & Corporate Communications
Telephone: +974 4405-6666
Email: bassel.hanbali@qinvest.com
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