The fund seeks long-term capital appreciation by investing in the stock of companies in the Gulf Cooperation Council. The Fund will follow an active management strategy of allocating its investments between the various markets in the GCC. The Fund’s objective is to achieve optimal returns over the long term by reducing the risk that comes from investing in equity markets of the GCC. Allocation among the various markets in the GCC will contribute towards achieving this objective, along with investing in money market instruments such as deposits or equivalent in Islamic banks, sukuk or bonds issued or guaranteed by the governments of the GCC, either in Kuwaiti Dinars or any other foreign currency, and also with investing in other investment funds, based on the investment expectations and strategy of the Fund Manager, and by following the investment restrictions without these investments conflicting with the rules of law (7) of 2010 Executive By-law thereof and its amendments and the resolutions, and instructions.
NAV USD
As of 23 Nov 2023
As of 23 Nov 2023
Performance | Fund | Benchmark |
---|---|---|
First Financial Year | 10.56% | 20.54% |
Annualized 3 Years (Since Inception) | 10.54% | 14.82% |
Annualized 6 Years (Since Inception) | - | - |
End of 3rd Quarter 2023 (Since Inception) | 93.18% | 113.79% |
Cumulative Return Since Inception | 92.44% | 105.37% |
Annualized Return Since Inception | 8.84% | 9.84% |
Annualized Standard Deviation | 14.02% | 14.35% |
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Managing Director - MENA Asset Management
VP - MENA Asset Management
AVP - MENA Asset Management
Analyst - MENA Asset Management
VP - MENA Asset Management
Manager - MENA Asset Management
Director - MENA Asset Management
Floor 35, NBK Tower, Jaber Al-Mubarak & AlShuhada Street, Block 7, Plot 6, Sharq, Kuwait, P.O. Box 4950 Safat, 13050 Kuwait