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Komfie Manalo, Opalesque Asia: Qatar-based investment bank and Islamic financial institution QInvest
has partnered with global asset management firm Pioneer
Investments with $246bn in assets, to launch a sharia’a-compliant
European Equities fund. Under the agreement, Pioneer Investments will
manage the fund and act as sub advisor.
Dr Ataf Ahmed, head of Asset Management at QInvest, said, "The launch of
this fund broadens our offering to clients, providing access to a
portfolio with dedicated pan-European exposure. We believe that the
current macroeconomic environment in Europe, characterized by a weak
euro, low oil prices and the likely onset of quantitative easing by the
ECB, will be positive for European businesses and create some compelling
investment opportunities over the mid-term. We are very excited by this
partnership and look forward to working with the investment team at
Pioneer Investments."
The fund will focus on investing in pan-European blue-chip, mid and
large-cap stocks. It will be actively managed by the specialist European
Equity team at Pioneer Investments, with Andrew Arbuthnot as the
portfolio manager. The team has been managing European Equity assets for
15 years based on a consistently applied research-driven philosophy and
process. This approach has provided a strong tra...................... To view our full article Click here
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