REGIONAL BOND AND SUKUK INVESTMENT FUND

Regional Bond and Sukuk Investment Fund is an open-ended debt fund incorporated in Kuwait, licensed and supervised by the Capital Market Authority of Kuwait. The primary aim of the Fund is to enable investors to gain exposure to fixed-income securities either issued or guaranteed by governments, quasi-government entities or corporations registered in the MENA region.

The Fund seeks long-term capital appreciation with a low level of risk by providing its investor exposure to the liquid part of the regional bond and sukuk market and predominantly investing in investment-grade securities denominated in USD. It can also exploit opportunities in the sub-investment grade in which it can invest up to 25% of its capital.


  • Fund Structure: Open-ended

    Asset Class: Debt Instruments Fund

    Liquidity: Weekly subscriptions and monthly redemptions

    Inception Date: 10 July 2017

  • NAV USD

    As of 12 September 2019

    11.4871

PERFORMANCE
As of 12 September 2019
FUND
First Year -0.22%
Annualized 3 Years (Since Inception)
Annualized 6 Years (Since Inception)
End of Second Quarter 2019 (Since Inception)9.57%
Cumulative Return Since Inception14.87%
Annualized Return since Inception6.58%
Annualized Standard Deviation 2.74%


Fund Structure:Open-ended fund
Currency:US Dollar
Inception Date:10 July 2017
Liquidity:Weekly subscriptions and monthly redemptions
Minimum Investment:USD 10,000 and increments of USD 1,000 thereafter
Management Fee:0.75% per annum
Investment Controller FeeUSD 16,000 per annum
Custodian Fee: 0.0625% of the Fund’s net asset value until USD 50 million, with a minimum of USD 11,250

0.045% of the Fund’s net asset value for any amount above USD 50 million and up to USD 250 million, with a minimum of USD 25,000

0.035% of the Fund’s net asset value for any amount above USD 250 million, with a minimum of USD 90,000

External Auditor FeeKD 3,000 per annum
Registrar FeeKD 1,000 per annum
Fund Manager:Watani Investment Company K.S.C.C.
External Auditor:Mr. Talal Yousef Al Muzaini – Deloitte & Touche, Al Wazzan & Co.
Investment Controller:Kuwait Clearing Company K.S.C.
Custodian, Subscription (Selling) Agent and Registrar:National Bank of Kuwait S.A.K.P.
Fund Regulator:Capital Markets Authority
Domicile of the Fund:Kuwait
Fund Manager Contact: 35th Floor, Arraya II Building, Al-Shuhada Street, Block 6, Sharq P.O. Box 4950 Safat, 13050 Kuwait

MenaAssetManagement@nbkcapital.com


Investment Features

  • Investor-friendly structure
  • Access to a key asset class
  • Management experience

MANAGEMENT TEAM

Nabil Maroof
Deputy Chief Executive Officer – NBK Capital

Husayn Shahrur, Ph.D.
Managing Director – MENA Asset Management

Tolga Ozkan, FRM
VP, Head of Fixed Income – MENA Asset Management

Wajih Al Boustany, CFA
AVP, Portfolio Management – MENA Asset Management

Islam Batrawy
AVP, Trading – MENA Asset Management

Khalil Salame, CFA
Manager, Fixed Income – MENA Asset Management

 


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CONTACT FOR THIS FUND



35th Floor, Arraya II Building,
Al-Shuhada Street, Block 6, Sharq
P.O. Box 4950 Safat,
13050 Kuwait

MenaAssetManagement@nbkcapital.com