QNB Launches Commodity Mutual Fund

Doha, April 21 (QNA) – Qatar National Bank (QNB) Monday launched an
open-ended mutual fund called ‘QNB Commodity Fund’.

Qatar Central Bank will regulate the first of its kind mutual
fund, QNB said today.

The mutual fund, with monthly subscription and redemptions, is
open to Qatari citizens, non-Qataris, and corporate investors.
The Fund marked in Qatari Riyals has a minimum investment of QR
20,000, QNB said.

The new Fund offers growth potential to investors. It invests in
diverse commodities like precious metals, industrial metals,
agricultural products, and oil and gas.

The Fund presents long-term growth opportunities with
satisfactory risk diversification, the bank said.

Explaining why the new Fund is appealing to invest, the bank
said, “It is a well-diversified form of alternative investment. It
responds differently to changing market conditions compared with
mainstream equity and fixed income markets.”
This mutual fund-based investment offers potential for capital

Commodity markets benefit from favourable supply and demand
associated with population expansion, QBN added.

QNB Group’s Qatar National Bank, set up in 1964, is the country’s
first Qatari-owned commercial bank. Qatar Investment Authority and
private entities have an ownership stake of 50% each in it. (QNA)

Leave a Reply