Gulf Regulatory News (GIF)

Gulf Investment Fund - Annual Overview from QuotedData

24th January 2024

In good hands

Gulf Investment Fund (GIF) has demonstrated an ability to be one of the best-performing strategies focusing on the Gulf region, as illustrated by its net asset value (NAV) outperformance and its ability to generate sector-leading alpha (a measurement of manager skill). The team has recently expanded into the healthcare sector, which has benefitted from both government initiatives and the growing wealth of the GCC consumer. GIF is also benefitting from the success of local financial institutions, which reflects the increasing mass affluence of the region.

Jubin Jose stepped down at the end of last year as GIF's portfolio manager, and has been replaced by Bijoy Joy, who was previously the assistant portfolio manager. Bijoy has worked with Jubin for the past 10 years so there is every reason to expect this transition to be smooth. We note that GIF is currently trading at a large discount to NAV (11.8%), versus a long history of trading at a premium rating, so this could well make it an attractive entry point.

Full Research:

https://quoteddata.com/research/gulf-investment-fund-good-hands-qd/

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NB: Marten & Co was paid to produce this note on Gulf Investment Fund Plc and it is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the Financial Conduct Authority. Marten & Co is not permitted to provide investment advice to individual investors categorised as Retail Clients under the rules of the Financial Conduct Authority.

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