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