Oryx Fund wins 2018 Lipper Fund Award for best MENA fund

Muscat - 

Bank Muscat’s Oryx Fund has once again won the prestigious 2018 Thomson Reuters Lipper Fund Award for the ‘Best MENA Equity Fund’. The fund won the honour for both the three year and five year category and was rated the Best Performing Fund in the MENA region amidst 

Oryx Fund’s consistent performance in the entire region has made it the only one to be awarded the third time in just four years. In the past, the fund won the Lipper Award for the Best MENA Fund in 2009, 2015 and 2016.

Oryx Fund has an outstanding track record second to none in the region. The fund continues to be the best performing fund in the MENA region with sizeable outperformance against the peer group funds in its category. The fund generated a return of 19 per cent during the past one year as against a return of six per cent in the S&P GCC Index. Oryx Fund nearly doubled the investors’ money over the last five years.

Sulaiman al Yahya, chairman of Oryx Fund management board said, “Lipper’s credible and objective recognition of outstanding fund performance places Oryx Fund in a league of its own. Time and again, the performance of the fund has been lauded by the global fund ranking entities such as Lipper Thomson Reuters, MENA Fund Manager and Emerging Market Finance. I would like to complement Bank Muscat, the fund manager for this achievement.”

Abdullah al Hinai, general manager - wholesale banking at Bank Muscat, said, “Oryx Fund represents a very attractive investment proposition for medium to long-term investors. The fund’s strategy has delivered over various market cycles. We believe that investors will continue to generate attractive returns by investing in the MENA markets through Oryx Fund.”

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