Global Investment House "Global" announced today the launch of the new “Energy, Petrochemical and Downstream Industries Fund (EPADI)” that aims to capture lucrative investment opportunities in energy, petrochemical and downstream industries companies present in the region.
Ms. Najah AlA’ali, General Manager of Global-Bahrain, said, “The company is pleased to introduce this unique investment opportunity to the market to satisfy the high demand for promising and innovative investment funds.”
“Global has always been a pioneer in introducing creative and rewarding investment ideas and tools. The EPADI Fund adds to the array of more than 20 funds the company manages, some of which have won international recognition.”
The fund aims to embrace the attractive economic factors currently present in the oil, gas, and energy sector, which will benefit companies supplying the regional and global demand of oil and its products.
The privatization wave of government owned firms in the GCC countries greatly supports this vital sector, and permits private businesses to enter this previously closed sector, she explained.
“It is a booming sector. There are over 480 billion barrels of proven oil reserves in the region, and GCC holds about 66% of all Middle Eastern proven reserves, which constitutes around 38% of the world total.”
The fund has been designed to capitalize on the expected benefits of a combination of global excess demand and diminishing supply in the domestic and regional oil and gas, petrochemical, downstream industries, and other related sectors, Ms. AlA’ali stated.
The Middle East has always had a rich abundance of natural resources; abundant petroleum fields dominate the area’s economy. With about 60% of the world’s proven oil reserves located in the Middle East, the regional market is a highly attractive one.
“This fund is ideal for the current economic environment as it comes at a time when the price of oil continues to rise due to excess demand in the global market.”
Investors looking to get exposure to one of the most lucrative industries will find this fund exceptionally useful. They can also overcome foreign investment barriers imposed by some GCC countries on foreign investment in the energy sector.
Furthermore, it provides diversification benefits, and allows for a reduction of the risks inherent in portfolios.
“Investors with a medium to long term investment horizon will find our new fund a valuable asset to their investment plans,” Ms. AlA’ali continued.
As with most Global funds, the EPADI Fund has very flexible investment terms. The Fund has a low minimum investment of US $10,000 and monthly redemption.
Global is a pioneer in asset management, with a strong track record. Most of its funds and portfolio managers have delivered exceptional performance that exceeded relevant market indicators.
Recently, Eurekahedge ranked Global Distressed Fund “3rd Best Hedge Fund in the World” while Barclay Group ranked it “7th Best Hedge Fund in the World.”
