QIB’s global SukukPlus AUMcrosses $200mn mark
TRIBUNE NEWS NETWORK
THE global SukukPlus Fund of Qatar Islamic Bank (IBQ) has broken through $200million level of assets under management (AUM) for the first time.
The Global SukukPlus Fund’s total return since inception has been 21.43 percent, whilst the annualised return since inception has been 6.21 percent.
In tandem with strong yields, the Global SukukPlus Fund has also given its investors low volatility. Despite difficult times in the market over the 3 years since the fund’s inception, including the Dubai financial crisis, the Eurozone crises and the Arab Spring, the Global Sukuk Plus Fund has continued to increase in AUM, raising over $100million in the past year.
This has highlighted the appetite of investors for Sukuk, as well as the confidence in the performance of the Global SukukPlus Fund through turbulent times.
QIB (UK) CEO Mike Clark said, “We are pleased with the performance of the Sukuk fund to date, with strong returns being generated on a single A average rating for the fund’s holdings. Our focus will remain on performance for our investors and through that achieving further investment flows. Our strategy remains very much active management with no surprises.” QIB (UK) Head of Asset Management AnouarAdham said, “Over the last 3 years we have developed strong competencies in the Sukuk market and have also built up a variety of services around this expertise such as our Sukuk Execution Services.”