-
-
l
- العربية
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
1.00486
As of 27 Sep 2023
Performance
As of 27 Sep 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 2nd Quarter 2023 (Since Inception) | 6.59% | 19.22% |
| Cumulative Return Since Inception | 3.92% | 14.23% |
| Annualized Return Since Inception | 0.24% | 0.82% |
| Annualized Standard Deviation | 15.44% | 20.29% |
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:
2% - subscriptions less than 150,000 1% for subscriptions between 150,000 but less than 600,000 No Fees for subscriptions 600,00 and above
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.
Subscription (selling) Agent:
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
-
Valerio Salvati
Senior Managing Director - Head of Asset Management
-
Shadi Khadder, CFA, FRM
Managing Director - MENA Asset Management
-
Rajat Bagchi
VP - MENA Asset Management
-
Ali Sarab
AVP - MENA Asset Management
-
Yousef Al-Abdullah
Analyst - MENA Asset Management
-
Khalil Salame, CFA
VP - MENA Asset Management