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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: 23 January 2007

NAV KD

0.95200

As of 27 May 2021

Performance

As of 27 June 2021

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%
End of First Quarter 2021 (Since Inception) -14.81% -2.45%
Cumulative Return Since Inception -4.80% 8.11%
Annualized Return Since Inception -0.35% 0.56%
Annualized Standard Deviation 15.74% 21.26%
Performance

Fund Facts

Fund Structure:

Open-ended fund

Currency:

Kuwaiti Dinar

Inception Date:

23 January 2007

Liquidity:

Weekly

Minimum Investment:

KD 1,000/- and in increments of KD 1,000/-

Initial Offering Price:

KD 1 (one Kuwaiti Dinar) per unit

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

Fund Manager:

Watani Investment Company K.S.C.C. (regulated by Capital Markets Authority)

Auditor:

Deloitte & Touche – Kuwait

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, Jaber Al-Mubarak & AlShuhada Street, Block 7, Plot 6, Sharq, Kuwait, P.O. Box 4950 Safat, 13050 Kuwait

Email: menaequities@nbkcapital.com

Management Team

  • Nabil Maroof

    Chief Executive Officer – NBK Capital

  • Husayn Shahrur, Ph.D.

    Managing Director – MENA Asset Management

  • Shadi Khadder, CFA, FRM

    Executive Director, Portfolio Management - MENA Asset Management

  • Wajih Al Boustany, CFA

    VP, Portfolio Management – MENA Asset Management

  • Rajat Bagchi

    AVP, Portfolio Management – MENA Asset Management

Contact Fund

Floor 35, NBK Tower, Sharq Area, Jaber Al-Mubarak & AlShuhada Street, Block 7, Plot 6, Sharq, Kuwait, P.O. Box 4950 Safat, 13050 Kuwait
menaequities@nbkcapital.com