QIA, Fiera Capital launch $200 million Fiera Qatar Equity Fund

Doha, Qatar: Qatar Investment Authority (QIA) and Fiera Capital announced on Wednesday the launch of the Fiera Qatar Equity Fund. WithUSD200 millio...

Doha, Qatar: Qatar Investment Authority (QIA) and Fiera Capital announced on Wednesday the launch of the Fiera Qatar Equity Fund.

With USD 200 million in assets under management, the Fund aims to deliver superior risk-adjusted returns by investing in equities listed on the Qatar Stock Exchange (QSE). The Fund - structured as a daily-dealing mutual fund - will be available to international and local institutions desiring actively-managed exposure to Qatar's equity market.

QIA is acting as the Fund's anchor investor, contributing capital in the form of cash and stock. QIA remains a committed long-term investor in the Qatar equity market and the reallocation of QSE-listed company shares reflects a desire to enhance Qatar's economic landscape and market liquidity.  

This is the second partnership announced as part of QIA's Active Asset Management Initiative, following the successful partnership with the Ashmore Group.  

QIA CEO Mohammed Saif Al Sowaidi said, "It is part of QIA's mandate to support the development of a competitive Qatari economy. Attracting overseas asset managers to invest in Qatar equity will fuel market participation and help to diversify and broaden the market. The Fiera Capital fund launch is an exciting second partnership in our Active Asset Management Initiative and builds on QIA’s commitment to support Qatar’s financial markets."