NBK Kuwait Equity Fund
The Fund will seek long-term capital appreciation by investing primarily in Kuwaiti domiciled, listed equities. From time-to-time, and not ordinarily exceeding 20% of the NAV of the Fund, the Investment Manager may choose to invest in non-Kuwaiti stocks that he deems to have significant exposure to the Kuwaiti economy. To help measure the success of the Fund, its performance will be measured against the Benchmark (S&P Kuwait Custom Index).
Fund Structure: Open-ended
Asset Class: Equity
Liquidity: Weekly
Inception Date: 23 January 2007
NAV KD
As of 31 December 2019
0.88206
| PERFORMANCE As of 31 December 2019 | FUND | BENCHMARK |
| First Financial Year | -38.22% | -47.47% |
| Annualized 3 Years (Since Inception) | -17.62% | -16.61% |
| Annualized 6 Years (Since Inception) | -5.82% | -6.27% |
| End of Fourth Quarter 2019 (Since Inception) | -11.79% | -0.87% |
| Cumulative Return Since Inception | -11.79% | -0.87% |
| Annualized Return since Inception | -1.00% | -0.07% |
| Annualized Standard Deviation | 14.20% | 20.73% |
| Fund Structure: | Open-ended fund |
| Currency: | Kuwaiti Dinar |
| Inception Date: | 23 January 2007 |
| Liquidity: | Weekly |
| Minimum Investment: | KD1,000 with additional investment in multiples of KD 1,000 |
| Initial Offering Price: | KD 1 (one Kuwaiti Dinar) per unit |
| Subscription/Participation Fee: | A sales charge of 2% on the subscription amount on each unit subscribed |
| Management Fee: | 1.5% per annum |
| Performance Fee: | 10% for every 1% excess return over the Benchmark (Positive Performance) during the Financial Year |
| Fund Manager: | Watani Investment Company K.S.C.C. (regulated by Capital Markets Authority) |
| Auditor: | Deloitte & Touche – Kuwait |
| Custodian: | Kuwait Clearing Company K.S.C. |
| Distributor: | 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 |
INVESTMENT FEATURES
MANAGEMENT TEAM
Nabil Maroof
Deputy Chief Executive Officer – NBK Capital
Husayn Shahrur, Ph.D.
Managing Director – MENA Asset Management
Shadi Khadder, CFA, FRM
Director, Portfolio Management – MENA Asset Management
Wajih Al Boustany, CFA
AVP, Portfolio Management – MENA Asset Management
Islam Batrawy
AVP, Trading – MENA Asset Management
Rajat Bagchi
AVP, Portfolio Management – 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