Jordinvest's Newest Funds Now in the Final Stages of Issuing
Amman, Jordan (February 2006) – Jordinvest recently announced that it is in the final stages of issuing its newest funds. These funds are aimed at targeting investors from both the Jordanian and the regional markets at large.
The firm established its First Trust Fund (FTF) in the year 2000, an open-ended collective investment scheme issued in the Kingdom. The fund was directed towards Jordanian and foreign investors providing them an opportunity to invest in the local market through a balanced portfolio of listed equity, sovereign and corporate fixed income securities. In turn, the Fund granted investors more clear and more secure opportunities for investment.
Jordinvest's latest funds, which at present are in their final stages of issuing, will serve as a means to solidify the firm's reputation as a leading provider of financial, investment and consultancy services for its clients. These funds will play a pivotal role in ensuring the ongoing development of consultancy and financial services offered in both Jordanian and regional financial markets.
The Jordanian Fund (one of the two newest funds), is to be a total stocks fund that excludes bonds. For investors, the Jordanian Fund may bring with it high rates of return, generated from the Fund's continuous growth in capital that can be calculated in accordance with the assets the Fund holds. Because the Fund is to be operated in US dollars, it will provide fruitful opportunities for investment to clients. The Fund will also ensure a continued availability of assets at all times.
Jordinvest's Arab Equity Fund, the second fund currently in the approval process, is yet another example of the firm's innovative investment initiatives. The Arab Equity Fund will allow investors an opportunity to effectively invest in the Arab region’s markets. The Fund will not provide bonds, reducing investor’s risk. The low-risk factor derives from the Pan-Arab Fund’s market-diversified nature.
Chairman/CEO of Jordinvest Mr. Ahmad Tantash commented on this new development by stating that Jordinvest's funds have proven to be successful at generating investments. "Our decision to introduce these investment funds in the Kingdom is based on the increase in foreign and local investments seen in the Jordanian market. Our investment initiatives are aimed at attracting more investors from the region at large, and in turn will help raise the rate of return on investment that these funds are witnessing," he said.
From another angle, Vice President of Capital Markets and Asset Management Mr. Ammar Jarrar testified the importance of Jordinvest's FTF, stating, “The Fund has proven to be a successful means for increasing the return on investment and capital growth in the long run. The issuing of such a fund will provide our clients fruitful investment opportunities within the Jordanian and Arab markets. This Fund has achieved its objectives while simultaneously reaching capital growth through a balanced investment scheme. During the past five years, the First Trust Fund had generated a growth rate of 22% on average each year."
Vice President of Capital Markets & Asset management, Mr. Qutaiba Hwamdeh, added that the launch of the Jordanian Fund will prove the success the firm had achieved over the years. "Jordinvest's funds have helped increase the demand on investment within the Jordanian financial market. This fund itself is a golden opportunity for investors wishing to increase the returns on investment in different sectors within the Jordanian market. We also expect Jordinvest's Arab Equity Fund to increase opportunities for investors wishing to invest in the Arab market at large, as the Fund promises high rates of return on investments on a regional scale," he said.