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A separately managed account (SMA) is an investment account owned by an investor and managed on a discretionary basis by the MENA Asset Management Team.

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SMAs Benefits

  • SMAs offer clients more flexibility in terms of style and geographical exposure
  • Clients can fund the SMA with an existing equity portfolio, cash, or a combination of both
  • Higher level of transparency and in-depth reporting
  • Direct interaction with portfolio managers as needed
  • No up-front fees and lower management fees, administrative and transaction fees

Regional SMAs

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Equity SMA

1. SMAs:

An investment portfolio owned by one investor and managed on a discretionary basis by the MENA Asset Management division. SMAs have outperformed their benchmarks since inception while providing investors with a portfolio that is well diversified by country, sector, and security levels

SMA options:

– Conventional benchmarked mandates offering different geographical exposure within the MENA

– Dividend-focused GCC SMA

– Sharia-Compliant GCC SMA

Additional features

– Clients can fund the SMA with an existing equity portfolio, cash, or a combination of both

– SMAs offer clients more flexibility in terms of style and geographical exposure

– The client can opt for periodic income distribution

2. Funds:

a. NBK Kuwait Equity Fund

b. Gulf Equity Investment Fund

Fixed-Income SMA

1. Offers fixed income SMAs under multiple strategies

a. All strategies target the liquid part of the regional bond and Sukuk market
b. All securities are Euroclearable
c. The client can opt for periodic income distribution

2. Regional Bond and Sukuk Investment Fund

Global SMAs

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Equity SMA

1. The product is provided through an SMA structure investing in global markets and targeting long-term capital appreciation

2. The portfolios are constructed in a cost-effective manner, utilizing, predominately, passive instruments such as exchange traded funds (ETF) and employing the expertise of internationally renowned asset managers to actively manage the exposure

3. Global Equity Features:

a. Provides exposure to global equity markets

b. The client can opt for periodic income distribution

Fixed-Income SMA

1. The product is provided through an SMA structure investing in global markets and targeting long-term capital appreciation

2. The portfolios are constructed in a cost-effective manner, utilizing, predominately, passive instruments such as exchange traded funds (ETF) and employing the expertise of internationally renowned asset managers to actively manage the exposure

3. Global Fixed Income Features:

a. Provides exposure to global fixed income markets
b. The client can opt for periodic income distribution

Multi-Asset SMA

1. The product is provided through an SMA structure investing in global markets and targeting long-term capital appreciation

2. The portfolios are constructed in a cost effective manner, utilizing, predominately, passive instruments such as exchange traded funds (ETF) and employing the expertise of internationally renowned asset managers to actively manage the exposure

3. Multi Asset Features:

a. Provides exposure to multiple global asset classes

b. The client can opt for periodic income distribution