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Doha
Doha Bank is all set to host a webinar to highlight the benefits of investing in Qatar Exchange Traded Fund (QETF), Qatar’s first conventional exchange-traded fund and one of the GCC’s largest ETFs.
The bank has invited the Qatar Stock Exchange, Aventicum Capital Management Qatar (ACMQ) and Credit Suisse Asset Management Index Solutions to present to the investment community on passive investments, ETFs and the QETF. The webinar is scheduled to take place on September 24.
The QETF tracks the performance of the benchmark QE Price Index, which offers access to the 20 most highly capitalised and liquid companies in Qatar through a single listed product.
The QETF is a listed transparent, liquid and low-cost investment product that was launched in 2018 as part of the Qatar Exchange’s initiative to provide local and international investors with an efficient way to gain exposure to the strongest and most liquid Qatari companies.
“The QETF was one of the largest single-country ETFs in the emerging markets when it listed in 2018 and assets have continued to multiply on-exchange. The QETF now has the track record and the platform itself has reached maturity with liquidity measures continually evolving to ensure the tightest of pricing for the investor,” Qatar Stock Exchange CEO Rashid Al Mansoori said.
“Clients are seeking more income, at a time of low rates and low returns with less risk as ETF assets under management just crossed $7trillion globally,” Doha Bank Group CEO R Seetharaman said in a statement.
The index currently offers a dividend yield of almost 4 percent, which the fund distributes annually. The QETF paid out dividends in each of its first two years of operations as well as this year, where the QETF paid out dividends in two instalments. This was the first time any listed company or investment fund had multiple payouts since the inception of Qatar Stock Exchange.
Its expense ratio of 50 bps is amongst the lowest for similar ETFs in emerging markets. The current total assets under management sit at QR392.3 million ($107.7 million) as on September 22, 2020.
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23/09/2020
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