Jordinvest, the first Jordanian public shareholding company offering a variety of integrated investment banking services, has published and registered Jordan’s first open-ended mutual investment fund entitled Jordinvest First Trust Fund to establish an informative relationship between the investors and Jordinvest.
Jordinvest First Trust Fund is an open-ended collective investment scheme to provide investors with well-diversified and changeable capital investments directed toward Jordan’s and the region’s private and public sectors. The Fund will invest its assets in a balanced portfolio of listed equity as well as sovereign and corporate fixed income securities. The Fund shall invest its assets in the financial markets of Jordan, Egypt, Palestine, Lebanon, Bahrain, Oman and may branch to other Arab markets. Jordinvest will follow the investment policies of each nation and will present a variety of marketing and economic methods to reflect positively on investors. The fund will be a transparent and credible source providing a risk- free price discrepancy in the market.
Jordinvest First Trust Fund will be using the Jordanian Dinar and aims at realizing a medium to long range capital growth in net asset value through increasing the market value of investments in stocks. Furthermore, the Fund’s assets will be invested in selected blue chip, high equity and debt instruments to enable and sustain existing growth. The fund embodies Jordinvest’s aim of providing excellence in client service while providing creative approaches with superior financial advice through availing investments such as the Fund to supply total solutions in a qualitative and presentable source.
Ahmad Tantash, Jordinvest’s CEO and Vice Chairman stated, “The Fund has achieved in the past five years an increase of 22% in its performance average. It has also raised the unit price to JD100 and since its publishing attained more than JD230 during the first half of 2005. Furthermore, since Jordinvest’s establishment, the monthly performance was stable despite the stock market’s fluctuation as the actual monthly performance passed 1.6% in market value.”
Ammar Jarrar, Vice President / Capital Markets and Asset Management stated, “One of the roles of Jordinvest is to be our client’s investment consultant. The Fund is a window of opportunity that encompasses Arab stock and bond markets at a time when the region is witnessing an economic and financial boom. The Fund further strives to promote the culture of investing through vehicles that are managed in a professional manner where asset allocation is formulated on a risk-and-return basis.”
Jordinvest has achieved JD17 million in paid-up capital providing an array of services in corporate finance: issuing bonds, restructuring, financial advisory, mergers and acquisitions, IPOs, as well as capital markets and asset management activities, both in the local and regional markets.
