The First Investor (TFI), The investment banking division of the Barwa Bank Group has been recognized at the Banker Middle East Product Awards 2014 for “Best Investment Fund”.
A special hand-over ceremony was held at TFI headquarters on Sunday, January 18. Youssef Al Obaidan, Acting Chief Executive Officer of The First Investor received the accolade from Banker Middle East for TFI GCC equity Opportunities Fund; a Shari’ah-compliant equity fund focused on GCC Equities which TFI launched in November 2012 and has so far achieved double-digit returns.
TFI said in a statement, “We are delighted to win Best Investment Fund for the achieved great returns while still attracting a large number of Investors. Over the past few years, our Asset Management team consistently out-performed all agreed benchmarks for its discretionary portfolios and significantly out-performed its peer group.”
The First Investor’s Asset Management activity is Shari’ah-compliant and focuses upon the management of regional public and discretionary investment portfolios to achieve long-term growth of capital and income through listed securities. The First Investor also offers thematic structured products as well as Sukuk portfolio management services.