Tharwa World Fund achieve positive performance

Tharwa Investment Co has announced that its World Fund achieved a return of 8.42% at the end of February 2012; Tharwa World Fund seeks to achieve regular returns through diversification of its assets that are distributed across the global markets.

Commenting on this performance, Barrak Al-Usaimi, Senior Vice President International Investment at Tharwa Investment Co, said: "We are proud of this positive result that has been achieved by Tharwa World Fund despite the fact that it is still new among the investment funds that invest in global markets"

Pointing out that the main reason behind this positive performance by Tharwa World Fund is that the global markets have seen increases in their respective indices over the last few months, Al-Usaimi said that these increases have contributed to boosting optimism that the global economy will be able to overcome its current crunch and achieve growth rates beyond expectations.

"One of the reasons that have led to the recent tangible rise in the indices of global markets is the profitable performance of major US companies," Al-Usaimi added, noting that it is expected for the U.S. economy to grow by 1.8% over the current year 2012, compared to a growth rate of 1.6 % during 2011. “The US Federal Reserve announced earlier this year that the US interest rate will stay at its current low levels at least until 2014 in order to revive the economic activity. This announcement has in turn led to pushing back the US rate of unemployment to 8.3%, on the back of creating 243,000 new job opportunities; which has been the largest increase in the job market since April 2011. This positive data has encouraged hopes for improvement in the world’s largest economy," Al-Usaimi explained.

At the level of world oil prices, Al-Usaimi said: "Recently, there has been significant improvement in terms of the demand for oil around the world, especially from China and India as of the economic recovery that is being witnessed by these two countries whose products are witnessing an increasingly high demand around the world. Moreover, oil prices have been driven up by the current Middle East geopolitical factors which have triggered fears of imposing sanctions on Iran’s oil exports. Meanwhile, the EU stock markets have also witnessed significant increases in prices due to the bail-out plans that have been designed to rescue struggling EU economies. The EU stocks which reaped the biggest gains from behind these plans have been those of banks and car companies."

According to Al-Usaimi, Tharwa World Fund was founded in August 2010. The investment objective of the Fund is to deliver consistent returns with a balanced allocation by investing in global securities and financial products through diversified asset allocation and progressively improved performance.

"In Tharwa Investment Company, we always seek to select our investments very carefully in order to take advantage of the most favorable market situation. Thanks to our highly integrated professional team of researchers and analysts, we are able to ensure the accuracy of our investment decisions; which is ultimately reflected in our financial results throughout our constant endeavors towards achieving the best performance possible for our clients." Al-Usaimi concluded.