/24-7PressRelease/ - May 25, 2007 - This initiation formed by Jordinvest's keen acknowledgment of Qatar's robust economic growth and favorable prospects. The purpose of Jordinvest's participation in the Forum is mainly to further promote the firm's First Trust Fund, which is the first open-ended mutual fund to provide a well-balanced and diversified portfolio in both asset classes and geographical levels, which in turn acts as a cushion to reduce the impact of adverse fluctuations, at a minimal investment of JD 1000.
The Fund, which is designed to achieve medium to long-term capital appreciation and has the longest proven track record of any such fund, and has attained an average return since inception of 133%.
Mr. Ahmad Tantash, Chairman and CEO of Jordinvest, stated, "It is our pleasure to be in the forefront among the supporters of this prominent Forum. We will be utilising our presence in Qatar to highlight the opportunities that the First Trust Fund creates to the investors and attendees of the Forum.
As with all the services and investment tools provided by Jordinvest, the First Trust Fund's portfolio investments are based on insightful research, as well as in-depth qualitative and quantitative analysis of economic and financial developments in Jordan and the region."
Mr. Tantash further pointed out that the firm has a proven track record in consulting and advising both public and private enterprises in relation to investment and merchant banking activities. "We adhere to the highest levels of excellence in our approach to our client base; in both the public and private sectors. Our team of highly-experienced and capable individuals is our biggest asset when it comes to applying our innovative approach that adopts world-class methodologies."
It is important to note that Jordinvest is currently expanding its regional presence and the sponsorship of the Qatar Economic Forum serves to further Jordinvest's participation of the Qatari financial market.
Maha Al Rawashdeh
TRACCS Jordan
Tel: (+962) 6 5924114
Fax: (+962) 6 5924334
Email: jordan@traccs.net
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