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- العربية
The fund seeks to achieve returns higher than the rate of return on fixed deposits in Kuwaiti Dinars. The Fund will seek to increase its net asset value while maintaining a high level of liquidity by investing in diversified and high-quality money market instruments.
Investment Features
- Potential returns higher than Fixed Deposits
- Easy weekly access to your money
- High-quality money market instruments
- Low-risk investment
- Majority of the fund’s investments are in fixed deposits with local banks
Overview
- Fund Structure: Open-ended
- Asset Class: Money Market
- Liquidity: Weekly
- Inception Date: 20 April 2014
NAV KD
1.172596
As of 5 Dec 2023
Performance
As of 5 Dec 2023
| Performance | Fund |
|---|---|
| Annualized 1 Week Return | 4.12% |
| Annualized 1 Month Return | 4.01% |
| Annualized 3 Months Return | 3.69% |
| Annualized 6 Months Return | 3.62% |
| Annualized YTD Return | 3.98% |
| Annualized Return Since Inception | 1.67% |
| Annualized 1 Year Return | 3.97% |
| Annualized 3 Years Return | 2.19% |
| Annualized 5 Years Return | 2.24% |
| Cumulative Return Since Inception | 17.26% |
Fund Facts
Fund Structure:
Open-ended fund
Currency:
Kuwaiti Dinar
Inception Date:
20 April 2014
Liquidity:
Weekly
Minimum Investment:
KD 1,000/- and in increments of KD 1/-
Subscription/Redemption Deadline:
By 12:00 p.m. on Monday
Valuation Day:
Tuesday
Payment of Redemption Proceeds:
The next business day following the NAV Valuation day; or as otherwise described in the Fund’s Articles of Association
Management Fee:
Up to 1.00% per annum
Investment Advisor Fee:
0.1% per annum
Investment Controler’s Fees:
0.05% of the Fund’s Net Asset Value until KD 15 million
0.035% of the Fund’s Net Asset Value for the amount above KD 15 million until KD 25 million
0.02% of the Fund’s Net Asset Value for any amount above KD 25 million
Fees of the Custodian:
0.05% of the Fund’s Net Asset Value until KD 15 million
0.035% of the Fund’s Net Asset Value for the amount above KD 15 million until KD 25 million
0.02% of the Fund’s Net Asset Value for any amount above KD 25 million
Fund Manager:
Watani Investment Company K.S.C.C. (regulated by Capital Markets Authority)
Selling Agent:
National Bank of Kuwait S.A.K.P.
Custodian and Investment Controller:
Kuwait Clearing Company K.S.C.
Auditor:
Rasheed Al-Qenae | KPMG Safi Al-Mutawa & Partners
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: NBKC-Fundadministration@nbkcapital.com
Fact SheetManagement Team
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Shadi Khadder, CFA, FRM
Managing Director - 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 , CFA , CIPM
Manager- MENA Asset Management
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Amanda Ghannam
Manager - MENA Asset Management
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Rana Atallah, CFA
Director - MENA Asset Management
Contact Fund
Floor 35, NBK Tower, Jaber Al-Mubarak & AlShuhada Street, Block 7, Plot 6, Sharq, Kuwait, P.O. Box 4950 Safat, 13050 Kuwait