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23 Feb 2017 09:46
Edison Investment Research Limited / Key word(s): Sustainability Edison issues review on Qatar Investment Fund (QIF) 23-Feb-2017 / 10:45 GMT/BST London, UK, 23 February 2017 Edison issues review on Qatar Investment Fund (QIF) 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. QIF's current 18.8% discount to NAV is wider than the averages of the last one, three and five years (13.9%, 13.7% and 13.5% respectively). The board actively manages the discount via regular share repurchases and tender offers. Given QIF's record of outperformance versus the benchmark, there is scope for the discount to narrow if investor appetite for the region increases. Although aiming for capital growth, QIF has a progressive dividend policy; the annual dividend has increased in five of the last six financial years. The current dividend yield is 3.8%.Click here to view the full report. All reports published by Edison are available to download free of charge from its websitewww.edisoninvestmentresearch.com About Edison: Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting. Edison is authorised and regulated by the Financial Conduct Authority. Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities. Contact details: Learn more at www.edisongroup.com and connect with Edison on:
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