IslamicFinance.de

Qatar’s QInvest is set to reinforce its presence in Turkey. Head of Asset Management at QInvest, Dr Ataf Ahmed is seeing huge opportunities in various asset classes in Turkey. In 2016, QInvest acquired ERGO Portfoy, rebranded as QInvestPortfoy and became a leading asset management group in Turkey. The company is also seeing opportunities within Emerging Markets (EM) equities, despite the inherent volatility of the asset class. Inflation is coming in under control and there are a number of positive surprises in economic growth. There is also exposure to broader EM within some of the global funds and mandates, however this represents approximately 10% of total assets across all QInvest funds. In the GCC region businesses have adjusted to low oil prices. According to Ahmed, GCC nations are reinforcing their plans to diversify the economies, moving into sectors like finance, trade and tourism.