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Invest AD launches funds for Africa, GCC
Abu Dhabi-based asset manager Invest AD has launched two UCITS-compliant funds, which invest in Africa and the Arabian Gulf, to meet growing global demand for high-quality investment products to tap frontier market growth.
The Invest AD Emerging Africa Fund and the Invest AD GCC Focus Fund are registered in Luxembourg, and the asset manager is regulated by the Dubai Financial Services Authority.
Invest AD’s portfolio managers, who have built track records for the predecessor portfolios as Cayman Islands-registered vehicles, manage the funds from the Dubai International Financial Centre, travelling regularly to countries they invest in.
“We’ve established these UCITS funds in response to growing demand for high-quality access to frontier markets,” said Mohammed Al Hashemi, head of asset management at Invest AD. “Global investors are telling us that they want investment vehicles that meet the strictest international regulatory standards, as well as fund managers who are visiting companies and asking difficult questions really kicking the tyres,” he added. — haseeb@khaleejtimes.com
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