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Wed 26 May 2010 03:36 AM

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Invest AD to help open MidEast markets to Asia

Investment company to act as a sub advisor to professional investors in Asia.

Invest AD to help open MidEast markets to Asia
ASIAN ACCESS: Abu Dhabi based Invest AD has formed a partnership with Hong Kong based Quam Limited to allow Asian investors access to Middle East equities markets. (Getty Images)

Invest AD, the Abu Dhabi based investment company, has formed a partnership with the Hong Kong listed Quam Limited, which will offer Asian investors access to Middle East equities markets.

Invest AD manages four of its own equities funds which invest in the Middle East and Africa. It will act as a sub advisor, picking stocks for investment products, which will then be offered by Quam to its network of professional investors in Hong Kong and Taiwan.

Mohammed Al Hashemi, head of Asset Management at Invest AD, said: “Middle East markets are outperforming global markets this year, but they still have much further to go to catch up with rebound that most emerging markets experienced last year.”

In 2010, MSCI Arabian Markets outperformed during the first four months, with a 15.1 percent rise, compared with 3.6 percent MSCI Emerging Markets and 3.3 percent MSCI World.

Hashemi added: “The fundamentals are strong, with the IMF expecting the region to post above 4 percent economic growth annually over the next four years.”

Bernand Pouliot, chairman, Quam Limited, said: “Investors in Asia are looking for diversification, especially now, when key Western and Asian markets have had a good run and look fully valued."

He added: "There are many opportunities materialising in the Middle East across different sectors.”