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

1.03290

As of 16 Sep 2021

Performance

As of 16 Sep 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%
Annualized 9 Years (Since Inception) -6.07% -5.59%
Annualized 12 Years (Since Inception) -1.56% -0.58%
End of Second Quarter 2021 (Since Inception) -0.21% 13.33%
Cumulative Return Since Inception 3.29% 16.86%
Annualized Return Since Inception 0.23% 1.10%
Annualized Standard Deviation 15.63% 21.08%
Performance

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

Management Team

  • 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, Kuwait, P.O. Box 4950 Safat, 13050 Kuwait
menaequities@nbkcapital.com