RCS - Gulf Investment Fund - Annual Overview from QuotedData

Gulf Investment FundAnnouncement

24/01/2024 15:15

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RNS Number : 8111A  Gulf Investment Fund PLC  24 January 2024

 

Gulf Investment Fund - Annual Overview from QuotedData

24(th) January 2024

In good hands

Gulf Investment Fund (GIF) has demonstrated an ability to be one of the
best-performing strategies focusing on the Gulf region, as illustrated by its
net asset value (NAV) outperformance and its ability to generate
sector-leading alpha (a measurement of manager skill). The team has recently
expanded into the healthcare sector, which has benefitted from both government
initiatives and the growing wealth of the GCC consumer. GIF is also
benefitting from the success of local financial institutions, which reflects
the increasing mass affluence of the region.

Jubin Jose stepped down at the end of last year as GIF's portfolio manager,
and has been replaced by Bijoy Joy, who was previously the assistant portfolio
manager. Bijoy has worked with Jubin for the past 10 years so there is every
reason to expect this transition to be smooth. We note that GIF is currently
trading at a large discount to NAV (11.8%), versus a long history of trading
at a premium rating, so this could well make it an attractive entry point.

Full Research:

https://quoteddata.com/research/gulf-investment-fund-good-hands-qd/
(https://quoteddata.com/research/gulf-investment-fund-good-hands-qd/)

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NB: Marten & Co was paid to produce this note on Gulf Investment Fund Plc
and it is for information purposes only. It is not intended to encourage the
reader to deal in the security or securities mentioned in this report. Please
read the important information at the back of this note. QuotedData is a
trading name of Marten & Co Limited which is authorised and regulated by
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