International Finance Magazine award for LHV Persian Gulf Fund

LHV Persian Gulf Fund was awarded the title of Fastest Growing GCC Equity Fund by the International Finance Magazine. LHV Asset Management was also recognized as the Best Fund Management Company in Estonia. 

Awards Logo Plain_EditableFund Manager Joel Kukemelk and CEO of LHV Asset Management Mihkel Oja received the titles at the award ceremony held in London on November 18th.

According to Oja the recognition was delightful. “LHV has been investing in the GCC countries for 7 years and I’m delighted to see that this has brought us awards. LHV, being the second largest pension funds manager in Estonia, values this niche expertise in the GCC equity markets highly at times when the region outperforms and global investors are still discovering it as a place for investments,” Oja said.

IFM - LHV Persian Gulf FundThe awards were given out by the International Finance Magazine.

LHV Persian Gulf Fund invests in publicly traded companies of Gulf Cooperation Council countries. The GCC countries are the United Arab Emirates, Qatar, Saudi Arabia, Oman, Kuwait and Bahrain. In size GCC markets make up 2% of the world’s stock markets. LHV Persian Gulf Fund has been previously awarded by Zawya Thomson Reuters as the best GCC Equity Fund in 2012 and in 2013. The fund has earned for its last five year results a high 4-star Morningstar rating and fund manager Joel Kukemelk has a high Citywire’i A rating. LHV Persian Gulf Fund net assets stand at €47.5 million.

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LHV Group is the largest Estonian financial group and domestic capital provider in Estonia. LHV Group’s principal subsidiaries are LHV Bank and LHV Asset Management. LHV offices are located in Tallinn, Tartu, Riga, Vilnius and Helsinki. LHV employs over 200 people. LHV Bank’s services are used by more than 60,000 clients. LHV pension funds have nearly 130,000 clients.

The article is for informational purposes and is not intended as a recommendation to buy or sell the mentioned securities.

LHV Persian Gulf Fund Fund Manager Joel Kukemelk being interviewed by IFM:

IFM video interview 18.11.14