The Downtown Doha City Corniche Skyline at Twilight, Qatar
16 January 2024

Press Release

QIA announces Active Asset Management Initiative to enhance investment ecosystem and signs first partnership with Ashmore Group

QIA announces Active Asset Management Initiative to enhance investment ecosystem and signs first partnership with Ashmore Group


First partnership has been announced with specialist emerging market asset manager, Ashmore Group plc, to launch the Ashmore Qatar Equity Fund.
 

Doha, 16 January 2024: Qatar Investment Authority (QIA) announces the establishment of the Active Asset Management Initiative with Ashmore Group plc (Ashmore) as the first partner.

The QIA initiative will establish partnerships both with leading global asset managers with GCC expertise and local asset managers that meet all the investment considerations for a QIA investment. QIA will seed funds managed by these partners by re-allocating shares in Qatar Stock Exchange listed companies.

The first partnership has been announced with Ashmore, the specialist emerging markets asset manager, to establish the Ashmore Qatar Equity Fund.

The daily-dealing public equity mutual fund, available to international and local institutions, will give foreign investment capital a route to obtain exposure to Qatar’s fast developing economy and provide Qatari investors with access to Ashmore’s leading equity investment expertise. 

The Ashmore Qatar Equity Fund has launched with approximately USD 200 million under management and has QIA as an anchor investor.

The collaboration with leading asset managers such as Ashmore is expected to catalyse investments in key economic projects, foster wealth creation, enhance the overall economic landscape, and improve liquidity on the QSE. 

QIA is committed to supporting and developing Qatar’s local economy and is engaged in a number of initiatives to enhance liquidity in the market, improve price discovery, and diversify Qatar’s capital markets.

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About QIA

Qatar Investment Authority (“QIA”) is the sovereign wealth fund of the State of Qatar. QIA was founded in 2005 to invest and manage the state reserve funds. QIA is among the largest and most active sovereign wealth funds globally. QIA invests across a wide range of asset classes and regions as well as in partnership with leading institutions around the world to build a global and diversified investment portfolio with a long-term perspective that can deliver sustainable returns and contribute to the prosperity of the State of Qatar.

Media Contact: media@qia.qa

 

About Ashmore Group plc

Ashmore is a specialist emerging markets investment manager with over 30 years’ experience in these markets. The business was founded in 1992 as part of the Australia and New Zealand Banking Group. In 1999, Ashmore became independent and today manages USD 54.0 billion (as at 31 December 2023) for institutional and intermediary retail clients in a range of emerging markets investment themes across fixed income, equities and alternatives. Ashmore has its headquarters in London and a network of offices in Colombia, India, Indonesia, Ireland, Japan, Peru, Saudi Arabia, Singapore, United Arab Emirates and the United States.