Invest AD Iraq Fund up 27%

The head of Invest AD, the Abu Dhabi-based investment firm, sees growth in Iraq and Qatar.

Gulf News reports that performance by the firm’s Iraq fund has been particularly strong.

“This year, with political change in the Middle East, performance has been varied, with a large dispersion of returns across the region,” executive director Mohammad Al Hashemi said.

“Mena [Middle East and North Africa] markets are down about 11 per cent this year.

“But in Iraq we see a completely different story. Our Iraq fund is up about 27 per cent since October 2010.”

(Source: Gulf News)

Comments are closed.