The Banking Executive Magazine - March 2023 Issue

Bank Muscat Oryx Fund S&P GCC index. Backed by this strong performance, Oryx Fund has once again been recognised as the best performing MENA equity fund by the reputed Citywire rankings for the year 2022. These rankings are based on the returns generated by the fund for its investors against ap- proximately 20 other funds focusing on MENA region during 2022. The Bank Muscat Oryx Fund has won several accolades for generating wealth for its investors and for signif- icant outperformance compared to peers. It has been top rated by vari- ous renowned global fund reviewers such as Lipper, MENA Fund Manager and Emerging Market Finance. The Oryx Fund represents an attrac- tive investment proposition for long- term investors. The fund’s strategy to follow a bottom-up approach fo- cused on selection of quality stocks, has been proven over various market cycles and time periods. The fund management team’s insights in the GCC region, quality of research across industries and sectors and knowledge of investee companies’ performance and future direction are the key factors that have enabled the fund to provide consistent and stable long-term returns to the investors. An open-ended fund regulated by the Capital Market Authority, Oman, the Oryx Fund offers daily liquidity, providing flexibility to invest or re- deem on any business day. Investors can subscribe to the fund with a min- imum subscription amount as low as RO 50. Investors may also choose to invest every month by subscribing to Systematic Investment Plan (SIP) op- tion. The fund’s NAV is published on a daily basis on Bank Muscat website and on Muscat Stock Exchange web- site, so that investors can track the value of their investments on a daily basis. Interested investors may con- tact the fund’s Investor Servicing Desk at 24768064 or through email at to understand the process to sub- scribe into the fund. Recently, Bank Muscat also enabled subscriptions and redemptions of its mutual funds through its Internet and Mobile banking platforms for cus- tomers other than corporates and government institutions. This has eased the process of investment into Bank Muscat’s mutual funds for eli- gible investors as they are now able to complete the entire process of in- vesting through online channels, making fresh investments and re- deeming existing investments with- out the need to visit any branch or submit any documents or paper ap- plications. Corporates and govern- ment institutions may approach their relationship manager’s mutual fund investments. Please refer to the Bank Muscat Oryx Fund prospectus available on to un- derstand fund details including key terms and conditions. Investors are also requested to refer to the key risk factors highlighted in the prospectus. Bank Muscat’s Asset Management business has a proven track record of successful operations for almost 29 years and is the largest asset manager in Oman and one of the leading asset managers in the GCC region, with approximately US$ 2.5 billion of AUM. It offers tailored investment so- lutions across asset classes including equity, fixed income, real estate and private equity investments. ISSUE 171 MARCH 2023 the BANKING EXECUTIVE 35