The Qatar Exchange Index ETF (‘QETF’) celebrates its First Year with Outperformance

The QETF has generated a total return of 20% in 2018; listing was on March 5, 2018.

The QETF has assets under management of approximately USD 100 million and focuses on listed Qatari Equities; as on close 31st December 2018.

The QETF announced today that it has achieved a total return of 20% during the year 2018, outperforming most exchange traded funds (ETFs) in the world.

The QETF is a Qatari domiciled fund listed on the Qatar Stock Exchange and is one of the largest ETFs in the Gulf Cooperation Council (GCC). The QETF was founded by Doha Bank and managed by Amwal, LLC. The Fund follows a passive replication strategy in tracking the QE index, which comprises of the twenty largest, by market capitalization, and most liquid companies listed on the Qatar Stock Exchange. The QETF seeks to generate returns through capital appreciation and dividend distribution. This benchmarking to the index allowed for the QETF performance, as the QE Index finished as the 2nd best performer globally in 2018 both in price and total return, +21% and 27% respectively (in USD).

The fund, during the year, distributed dividends during the second month (2Q18) of its listing in the amount of QAR 4.25 per unit, yielding 4.46% to investors.

The QETF also boasts one of the lowest total expense ratios (TER) among emerging market ETFs, with 0.50% in TER; the QETF was able to provide for a minimal tracking error of about 0.32% when compared to the tracked index.

Commenting on the performance, Doha Bank’s CEO, Dr. R Seetharaman said: this achievement is the culmination of untiring efforts of various parties who contributed to the QETF’s success in its first year of operations. This is a testament of the strength in the Qatari economy and market resilience, post the blockade. The QETF is an excellent tool for portfolio diversification and the most efficient way for any investor, whether local or international, to participate in the growth of the Qatari market, one of the best performing markets in the world in 2018.

About Doha Bank

Doha Bank is one of the largest commercial banks in the State of Qatar and has been consistently registering a strong growth during the last decade with participative leadership philosophy.

Inaugurated in 1979, Doha Bank provides domestic and international banking services for individuals, commercial, corporate and institutional clients through four business groups � Wholesale Banking, Retail Banking, International Banking and Treasury & Investments.

Doha Bank has established overseas branches in Kuwait, Dubai (UAE), Abu Dhabi (UAE), Mumbai, Chennai and Kochi (India) as well as representative offices in Japan, China, Singapore, Hong Kong, South Africa, South Korea, Australia, Turkey, the United Kingdom, Canada, Germany, Bangladesh, Sri Lanka and Nepal.

Doha Bank has received numerous awards in recognition of its achievements. Doha Bank was adjudged as the ‘Best Regional Commercial Bank’ � The Banker Middle East for the 4th straight year. Doha Bank was recently awarded as ‘Bank of the Year � Qatar Domestic Trade Finance’ by Asian Banking & Finance. Additionally, Doha Bank has in the past claimed various other awards such as, ‘Bank of the Year’ � The Banker, ‘Best Commercial Bank in the Middle East’ � Global Banking & Finance, ‘Bank of the Year’ � ITP Group, , ‘Best Bank in Qatar’ � IAIR Award and ‘Best Bank in Qatar’ � EMEA Finance. In addition, Doha Bank has won the ‘Environmental Award’ from The Arab Organization for Social Responsibility as well as ‘Golden Peacock � Global Award for Sustainability’ from the Institute of Directors.

Doha Bank is rated A by Fitch, A3 by Moody’s and BBB+ by Standard & Poor’s for its long-term local and foreign currency.

About Amwal

Amwal, Qatar’s first and only independent asset manager, in active and passive investment strategies. Established in 1998 as independent asset manager, with Sharia- compliant capabilities, under QCB funds regulations and under QFCRA and QFMA regulations. Amwal has been a pioneer in the asset management business in Qatar, where it established the first mutual fund covering the Qatari market, followed by a Sharia-Compliant Qatari Fund, in addition to managing several funds and mandates covering the other regional markets.

With a pedigree team of Arabic speaking professionals that has a cumulative experience of over 100 years, Amwal is managing client assets across different asset classes including private equity, fixed Income/sukuk, real estate/ REITS, in addition public equity through diverse geographies internationally, regionally and locally.

Amwal has built a vast experience and a reputable track record where Amwal has won various recognition awards for its outperformance in both the Qatar asset management space as well as Middle East and North Africa (MENA).

Important Notice:

This document has been prepared by Doha Bank and Amwal for information purposes only. Although the information contained in this document has been obtained from sources which Doha Bank and Amwal believes to be reliable and with due care, this information may not have been independently verified, and Doha Bank and Amwal makes no representations or warranties, of any kind, express or implied, with respect to the information, content, materials or products included in this document. The information contained herein is subject to change without notice; Doha Bank and Amwal does not represent or warrant that the information contained herein is accurate, complete or current. Prior to making any investment, prospective investors are advised to consult their own business advisers and legal counsel as to business, tax, legal and related matters. Doha Bank and Amwal will not be responsible for any consequences resulting from the use of this document as well as the reliance upon any opinion or statement contained herein or for any omission. All information and materials contained in this document are the proprietary of Doha Bank and Amwal. All reproduction, modification, distribution, transmission, publication, or translation into any language in any form or by any means, are strictly prohibited without the prior written permission of Doha Bank and Amwal.

Source: Doha Bank