Watani KD Money Market Fund II

The Fund seeks to achieve returns higher than the rate of return on fixed deposits in Kuwaiti Dinars. The Fund will seek to increase its net asset value while maintaining a high level of liquidity by investing in diversified and high-quality money market instruments.

  • Fund Structure: Open-ended

    Asset Class: Money Market

    Liquidity: Weekly

    Inception Date: 20 April 2014

  • NAV KD

    As of 21 May 2019

    1.067342

PERFORMANCE
As of 21 May 2019
FUNDBENCHMARK
First Financial Year 1.31% 0.84%
Annualized 3 Years (Since Inception) 0.84% 0.64%
Annualized 5 Years (Since Inception)
End of First Quarter 2019 (Since Inception) 6.29% 5.90%
Cumulative Return Since Inception 6.73% 6.35%
Annualized Return since Inception 1.30% 1.22%


Fund Structure:Open-ended fund
Currency:Kuwaiti Dinar
Inception Date:20 April 2014
Liquidity:Weekly
Minimum Investment:KD10,000 with additional investments in multiple KD1,000
Subscription/Redemption Deadline:By 12:00 p.m. on Monday
Valuation Day:Tuesday
Payment of Redemption Proceeds:The next business day following the NAV Valuation day; or as otherwise described in the Fund’s Articles of Association
Management Fee:up to 1.00% per annum
Investment Advisor Fee:0.1% per annum
Investment Controler’s Fees: 0.05% of the Fund’s Net Asset Value until KD 15 million.

0.035% of the Fund’s Net Asset Value for the amount above KD 15 million until KD 25 million.

0.02% of the Fund’s Net Asset Value for any amount above KD 25 million.

Fees of the Custodian: 0.05% of the Fund’s Net Asset Value until KD 15 million.

0.035% of the Fund’s Net Asset Value for the amount above KD 15 million until KD 25 million.

0.02% of the Fund’s Net Asset Value for any amount above KD 25 million.

Fund Manager:Watani Investment Company K.S.C.C. (regulated by Capital Markets Authority)
Selling Agent:National Bank of Kuwait S.A.K.P.
Custodian and Investment Controller:Kuwait Clearing Company K.S.C.
Auditor:KPMG Safi AlMotawa & Partners
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
NBKC-Fundadministration@nbkcapital.com


INVESTMENT FEATURES

  • Potential returns higher than Fixed Deposits
  • Easy weekly access to your money
  • High-quality money market instruments
  • Low risk investment
  • Majority of the fund’s investment are in fixed deposits with local banks

MANAGEMENT TEAM

Nabil Maroof
Deputy Chief Executive Officer – NBK Capital

Hazem Rasbeih
Director – Investment Products

Herve Salanga Ile
Vice President – Investment Products

Hosam El Hourani
Assistant Vice President – Investment Products


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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

NBKC-Fundadministration@nbkcapital.com