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RIYADH: Qatar Investment Authority has partnered with UK-based Ashmore Group to launch a $200-million fund aimed at encouraging foreign investors to tap the country’s stock market.
The Ashmore Qatar Equity Fund was established with the authority as an anchor investor by reallocating shares in listed companies in the country, according to a press statement.
The reserve’s launch is a part of QIA’s Active Asset Management Initiative, and Ashmore Group has become its first partner.
“The collaboration with leading asset managers such as Ashmore is expected to catalyze investments in key economic projects, foster wealth…
