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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).
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
Overview
- Fund Structure: Open-ended
- Asset Class: Equity
- Liquidity: Weekly
- Inception Date: 20 June 2007
NAV KD
1.10211
As of 2 Feb 2023
Performance
As of 2 Feb 2023
| Performance | Fund | Benchmark |
|---|---|---|
| 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% |
| Annualized 9 Years (Since Inception) | -6.07% | -5.59% |
| Annualized 12 Years (Since Inception) | -1.56% | -0.58% |
| End of Fourth Quarter 2022 (Since Inception) | 11.73% | 27.86% |
| Cumulative Return Since Inception | 10.21% | 33.84% |
| Annualized Return Since Inception | 0.62% | 1.94% |
| Annualized Standard Deviation | 15.63% | 20.77% |
Fund Facts
Fund Structure:
Open-ended fund
Currency:
Kuwaiti Dinar
Inception Date:
20 June 2007
Liquidity:
Weekly
Minimum Investment:
KD 1,000/- and in increments of KD 1,000/-
Subscription/Redemption Dealing Day:
Wednesday of every week until 12:00 p.m.
Valuation Day:
Thursday
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
Investment Controller Fee/ Custodian Fee:
0.0625% per annum each
Fund Manager:
Watani Investment Company K.S.C.C. (regulated by Capital Markets Authority)
Auditor:
Rasheed Al-Qenae | KPMG Safi Al-Mutawa & Partners
Investment Controller & 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:
Floor 35, NBK Tower, Sharq Area, Jaber Al-Mubarak & AlShuhada Street, Block 7, Plot 6, Kuwait, P.O. Box 4950 Safat, 13050 Kuwait
Email: menaequities@nbkcapital.com
Related Documents
Fact SheetManagement Team
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Shadi Khadder, CFA, FRM
Managing Director - MENA Asset Management
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Vikram Viswanathan
Director - MENA Asset Management
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Rajat Bagchi
VP - MENA Asset Management
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Ali Sarab
AVP - MENA Asset Management
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Yousef Al-Abdullah
Analyst - MENA Asset Management
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Khalil Salame, CFA
VP - MENA Asset Management
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Adel Naji
Manager- MENA Asset Management