LONDON (Alliance News) - Qatar Investment Fund Ltd on Friday said its net asset value per share fell further than the Qatar Exchange Index in the first quarter of 2016.
The fund said its net asset value per share was down 1.4% in the quarter to the end of March, compared to a 0.5% decline for the Qatar Exchange Index.
The company said it remains confident on the outlook for Qatar, particularly on infrastructure spending over the next few years, and noted the recent FTSE Russell upgrade of the Qatar Exchange Index to secondary emerging market should drive passive inflows.
Shares in Qatar Investment Fund were down 1.2% to 1.06 pence Friday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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