Kuwait June, 2021: NBK Capital has been named the Refinitiv Lipper Fund Awards Kuwait 2021 Winner, for the NBK Kuwait Equity Fund, as Best Equity Kuwait Fund Over Three Years. For more than 30 years and in over 17 countries worldwide, the highly respected Refinitiv Lipper Awards have honoured funds and fund management firms that have excelled in providing consistently strong risk-adjusted performance relative to their peers and focus the investment world on top-funds. The merit of the winners is based on entirely objective, quantitative criteria. This coupled with the unmatched depth of fund data, results in a unique level of prestige and ensures the award has lasting value. Renowned fund data and proprietary methodology is the foundation of this prestigious award qualification, recognizing excellence in fund management.
On this occasion, Dr. Husayn Shahrur, Managing Director – MENA Asset Management at NBK Capital said, “This recognition is a testament to the ability of our award-winning Asset Management team and its leading position locally and regionally. It reflects the success of our investment philosophy that focuses on sustainable capital growth and sound investment strategies. Winning this prestigious award is an additional evidence of the team’s professional experience, proven track record, and the strong performance of our investment products.”
Shahrur added, “NBK Capital’s leading industry position comes as a result of its relentless pursuit of developing innovative solutions that cater to our clients’ needs and objectives and achieve rewarding financial returns in the long-run.”
Shahrur concluded his statement by thanking the Asset Management team, whose efforts and hard work have resulted in distinguished results.
Robert Jenkins, Head of Research, Lipper, Refinitiv, stated: “This year’s Refinitiv Lipper Fund Awards recognized the steadfast resolve of award-winning managers and firms who successfully navigated one of the sharpest market downturns and recoveries on record enabling investors to maintain a level of economic confidence amidst a backdrop of uncertainty. In a year that endured the impacts of an unprecedented global humanitarian crisis, in which markets reflected investors’ emotions of shock and optimism, there was a degree of solace in having one’s financial fortunes overseen by the stewardship of professional money managers. We congratulate the 2021 Refinitiv Lipper Fund Award winners and wish NBK Capital continued success.”
NBK Capital is a leading asset manager in the region, having more than US$6.5 billion assets under management locally, regionally and globally, it has professional investment teams located in Kuwait and several other markets in the GCC.