Doha, 01 November 2009 – Subscription in QNB Note 1, the first 100% Capital Protected Note in Qatar, which is linked to select listed securities of the Qatar Exchange is in its final two weeks.
Launched on 15 October 2009, it will be available for subscription only until 15 November 2009. Capital protected notes are highly sought medium-term investments which protect 100% of investors’ capital. “QNB Note 1” is designed to suit investors looking to participate in stocks of Qatar Exchange with no risk to their initial capital.
The QNB Note 1 prospectus is available at all QNB branches in Qatar and is open to Qatari and expatriate investors for a fixed investment term of 2 years with an initial capital investment of QR20,000 and multiples of QR100 thereafter.
Apart from the protection of capital, the quarterly return on the basket of select securities is averaged to reduce the impact of any large declines near maturity. Further the exposure to the select stocks is based on a systematic risk control mechanism, the aim of which will be to maintain the volatility of the basket at 20%.
With QNB Note 1, capital is 100% protected and therefore the funds will liquidate at par value on maturity even if the average return on select Qatar Exchange-listed stock is negative.
QNB Note 1 is issued by the QNB Group’s private banking subsidiary QNB Banque Privée Suisse, incorporated in Geneva, Switzerland. QNB Banque Privée offers international expertise uniquely coupled with a local banking relationship through QNB Private in Qatar. From every day banking needs to investment and wealth management advice and solutions, QNB Private and QNB Banque Privée Suisse together offer a broad range of innovative banking services tailored to suit the lifestyles of its customers.
QNB, the premier fund manager in Qatar, constantly seeks product innovation by introducing new investment options targeting continuous superior performance based on its active and in-depth experience in the Qatari market.
For instance, QNB Group managed funds, Al Watani Funds I & II and the Beit Al Mali Fund were the best performing funds in Qatar for the 12 months ending May 2009, according to the Zawya Funds Monitor. The analysis placed QNB's Funds atop a list of 10 Qatar-focused funds managed by local and regional institutions.