Qatar Investment Fund PLC Edison initiates coverage on Qatar Investment Fund
02 Dezember 2015 - 12:33PM
RNS Non-Regulatory
TIDMQIF
Qatar Investment Fund PLC
02 December 2015
London, UK, 1 November 2015
Edison initiates coverage on Qatar Investment Fund
Qatar Investment Fund (QIF) offers exposure to growth in Qatar's
diversifying economy, which is benefiting from prudently reinvested
oil "super profits". Qatar is seeing above average GDP growth and
its stock market has shown low correlation with the oil price. The
fund seeks to capture the benefits of infrastructure investment,
national development and diversification underpinned by wealth
accumulated from hydrocarbon reserves. Prudence at national and
fund level and the implicit government backing enjoyed by many of
QIF's portfolio companies may make this an interesting fund for
investors seeking capital growth and a yield of c 3%.
QIF is currently trading well below its three-year average
discount to NAV (14.1%), at 3.2%, also below the average for EM
investment trusts (9.5%). Qatar's growth prospects and relative
stability, along with QIF's yield of just over 3%, suggest the
narrower of the discount can be sustained.
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