Page Contents

The fund seeks to achieve returns higher than the rate of return on fixed deposits in US Dollars. 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: 24 November 2014

NAV USD

10.783813

As of 14 Sep 2021

Performance

As of 14 Sep 2021

Performance Fund
First Financial Year 0.95%
Annualized 3 Years (Since Inception) 0.86%
Annualized 6 Years (Since Inception) 1.26%
End of Second Quarter 2021 (Since Inception) 7.79%
Cumulative Return Since Inception 7.84%
Annualized Return since Inception 1.10%
Performance

Fund Facts

Fund Structure:

Open-ended fund

Currency:

U.S. Dollar

Inception Date:

24 November 2014

Liquidity:

Weekly

Minimum Investment:

USD 3,500/- and in increments of USD 10/-

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 USD 9 million

0.035% of the Fund’s Net Asset Value for the amount above USD 9 million until USD 15 million

0.02% of the Fund’s Net Asset Value for any amount above USD 15 million

Fees of the Custodian:

0.05% of the Fund’s Net Asset Value until USD 9 million

0.035% of the Fund’s Net Asset Value for the amount above USD 9 million until USD 15 million

0.02% of the Fund’s Net Asset Value for any amount above USD 15 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

Management Team

  • Hazem Rasbeih

    Managing Director – Structured Investments & Advisory

  • Dr. Hervé Ile

    Director – Structured Investments & Advisory

  • Hosam El Hourani, CFA

    Vice President – Structured Investments & Advisory

Contact Fund

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

NBKC-Fundadministration@nbkcapital.com