QSE: QIA's Partnership with Ashmore Group will Support Local Financial Market

Doha, January 18 (QNA) - Qatar Stock Exchange (QSE) welcomed the partnership announced between Qatar Investment Authority (QIA) and Ashmore Group plc (Ashmore) launching an Active Asset Management Initiative in collaboration with local and regional asset managers.
This strategic initiative, which aligns with QIA's goals and aspirations, will play a significant role in supporting the development of the local financial markets.
Acting CEO of QSE, Abdulaziz Nasser Al Emadi stated that this initiative, aimed at establishing the "Ashmore Qatar Equity Fund" valued at approximately USD 200 million, with QIA as an anchor investor and Ashmore Group as the first partner, will play a pivotal role in enhancing investor relations, quality of disclosure, research coverage, and improve liquidity on the QSE. In addition to enhancing the scope and deepening of market research and conducting analytical studies related to its performance.
Al Emadi further highlighted that QIA's Active Asset Management Initiative to seed funds by reallocating shares in QSE-listed companies to these external managers will add to the available free float in the market, create confidence among investors and encourage both local and international investment institutions to participate. It will additionally help increase the participation of asset managers, attract more foreign investments, and enhance liquidity in the market.
He also expressed his gratitude for QIA's role in supporting QSE's initiatives aimed at enhancing liquidity in the market, including the Market Making Program which was launched in April 2023. (QNA)