QSE Lists the First ETF in Qatar and Largest Investment Fund in
GCC
March 5, 2018
Today, 5 March 2018, Qatar Stock Exchange listed Qatar Exchange
Index ETF “QETF”, which is the first Exchange Traded Fund (ETF)
listed on Qatar Stock Exchange. The Fund will track the QE Index
that measures the price performance of the top 20 largest and
most liquid companies on Qatar Stock Exchange. The listing of
the QETF was today announced at 9:30 am in a bell-ringing
ceremony held at Qatar Stock Exchange.
Rashid bin Ali Al-Mansoori, CEO of the Qatar Stock Exchange,
expressed his contentment in a number of announcements he made
on this occasion. He stressed that the QETF listing is a new
addition that will increase the depth of the stock exchange and
will provide investors with a new opportunity and an additional
investment tool.
Mr. Al-Mansoori said that great thought and effort has gone into
the development of an ETF market at QSE and a listing based on
our main index was always going to be a proud moment. There’s no
denying the popularity of ETFs globally and we’re excited at the
new trading opportunities the ETF provides to our investors.
He continued by saying that given the strong outlook for Qatar
as an economy and its listed companies, the QETF is a key
product offering for us and we look forward to the success of
this ETF.
Mr. Rashid Al Mansoori thanked Qatar Financial Markets
Authority, the Qatar Central Bank and Qatar Central Securities
Depository (QCSD) for their continuous support and joint effort
to realize this initiative.
“As a leading financial institution in the region, Doha Bank
looks to set the industry standard and continually explores new
financial instruments that drive maximum value for investors not
only locally but globally,” said Dr. Seetharaman, CEO of Doha
Bank. “Through our collaboration with Amwal and The Group
Securities, we believe the QETF holds immense promise and opens
a gateway to the Qatari market for global investors. We expect
this to be the first of many future products focused on Qatar.”
Commenting on the role of Amwal in managing this new fund,
Sheikha Hanadi Nasser Bin Khaled Al Thani, Chairperson of Amwal
said that Amwal is proud to have the QETF as part of its product
portfolio. Passive investment strategies are playing a bigger
role for institutional investors looking for emerging market
exposure as part of their global asset allocation.
Sheikha Hanadi further added that, since 1998, Amwal has been
the leader and innovator in asset management services, and will
be further expanded to better serve investors domestically and
internationally.
The QETF, established by Doha Bank and managed by Amwal,
surpasses the size of any other ETF in the GCC. The Fund will
have among the lowest expense ratios of any MENA equity fund
globally and will make annual distributions to unit holders
based on income received from the underlying securities.
Standard Chartered Bank will act as custodian and fund
administrator, while the Group Securities will be the QETF’s
Liquidity Provider and will support trading by making
competitive “two-way” pricing, allowing investors to trade QETF
with ease. The Group will maintain the supply of ETF units and
ensure the ETF’s price is in line with the value of its
underlying index portfolio.
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