GLOBAL: Islamic equity funds focused on the GCC markets showed varying performance depending on domicile during Q4 2024. Saudi-domiciled GCC equity funds have returned approximately 10-12%, while Qatar-based funds have generated returns closer to 7-8%. UAE-based funds investing in GCC equities have delivered more modest returns of around 6-7%. This performance divergence highlights the impact of fund manager expertise, fee structures, and market access advantages across different domiciles within the same investment region.
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