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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
11.486964
As of 28 Nov 2023
Performance
As of 28 Nov 2023
| Performance | Fund |
|---|---|
| Annualized 1 Week Return | 5.26% |
| Annualized 1 Month Return | 5.18% |
| Annualized 3 Months Return | 5.10% |
| Annualized 6 Months Return | 5.00% |
| Annualized YTD Return | 4.92% |
| Annualized Return Since Inception | 1.53% |
| Annualized 1 Year Return | 4.88% |
| Annualized 3 Years Return | 2.16% |
| Annualized 5 Years Return | 1.89% |
| Cumulative Return Since Inception | 14.87% |
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
Investment RisksManagement 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