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 | FUND | BENCHMARK |
| 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
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