Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

7769

Global EPADI Fund named best performing fund among its peers

RELATED TOPICS​

The Global EPADI Fund recorded a strong performance of 7.1%.in the first four months of 2011, becoming the best performing fund investing in the energy and petrochemicals as per Zawya’s database that monitors regional funds.

Regional markets’ performance improved in April with all the markets closing positive led by Kuwait (+6.6% MoM) and Dubai (+5.0% MoM). Oil prices increased by 6.2% during April closing at USD114 per barrel. The Global EPADI Fund was up 6.5% during April, outperforming the benchmark, which rose 5.9% over the previous month.

Shahid Hameed (pictured), Head of GCC Asset Management at Global says: “We are pleased with the results the Global EPADI Fund has achieved. The fact that The Fund was ranked as the top performing fund in the region in its category reflects our long-term commitment to our clients.”

The Global EPADI Fund was launched in May 2006 and invests in companies principally engaged in energy, petrochemicals, and downstream industries listed on the GCC stock exchanges. Since inception, the fund has achieved 15.6% growth, outperforming its benchmark by 27.5%.

Hameed adds: “Our medium outlook for the sector remains positive. Strong crude and access to advantaged feedstock allows regional petrochemical companies to benefit more directly from the tight market”

Latest News

Data provider Preqin has published its Deal Flow Monitor: Q1 2024 report, examining trends in..
Global index revenues increased 9.3 per cent in 2023, totalling a record USD5.8 billion, according..
Octopus Investments (Octopus) has announced it has launched a Natural Capital Strategy...

Related Articles

Trends
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100 million deals announced this month alone...
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100..
Different flavours
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led, multi-boutique global asset manager with over USD20 billion under management, recently undertook a survey with 204 UK investment professionals, seeking insights into their perceptions and attitudes towards boutique asset managers...
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led,..
UK map
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be worth billions of pounds in the coming years...
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be..
The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a possible buyout of EY’s Italian consulting branch...
The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by