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Tribune news network
doha
QInvest, Qatar's leading investment group, on Sunday successfully launched its QInvest SQN Income Fund (the 'Fund'), which has been oversubscribed.
The Fund, which is a Sharia'a compliant closed-ended fund (Ijara), provides a unique opportunity for investors to access income generating assets in developed markets, QInvest said.
It aims to pay out a net yield of 7 percent per annum on a monthly basis and has a targeted IRR of between 8 percent and 9 percent, with a tenure of 5 years.
The Fund was launched in collaboration with SQN Capital Management, a global asset-based investor and fund manager, a statement said.
The Fund invests in the leasing and financing of business-essential, long-life, revenue producing equipment across developed markets.
The fund is designed to deliver non-correlated returns through diversified investments across various industries including, but not limited to, healthcare, manufacturing, and agriculture, in a manner that avoid cyclicality, QInvest said.
