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 16 May 2019

    0.79738

PERFORMANCE
As of 16 May 2019
FUNDBENCHMARK
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 First Quarter 2019 (Since Inception) -22.84% -13.39%
Cumulative Return Since Inception -20.26% -9.58%
Annualized Return since Inception -1.88% -0.88%
Annualized Standard Deviation 14.27% 21.10%


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

menaequities@nbkcapital.com



INVESTMENT FEATURES

  • Easy access to your money on a weekly basis.
  • Investing in equities with strong fundamentals and good long-term prospectus.
  • Measure Fund performance against S&P Kuwait Custom Index.

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

Talal Al Khamis
Senior Portfolio Analyst – 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

menaequities@nbkcapital.com