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Prospectus | FAQs | 4Q07 |
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This Fund is open for new Investors |
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Fund Objective & Strategy:
The Fund seeks long-term capital appreciation by investing primarily in GCC equities. A distinguishing feature will be an active strategic approach by the Fund in allocating between the equity markets within the GCC and the MENA region. The Fund will aim to optimize longer term returns by reducing the downside risk below that of the GCC equity markets. A contribution to this objective will be achieved by diversifying among various MENA countries outside the GCC and, as considered prudent, cash resources based on the investment outlook and strategy decided by the Fund's Investment Manager. |
Investment Features
- The Fund will appoint a number of selected Country Managers to manage the individual country portfolios.
- Each respective Country Manager will invest in equities of Blue chip companies and companies with strong fundamentals and long term prospects in their target country.
- Active strategic approach in the GCC equity markets.
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Fund Facts
| Fund Structure: |
An open-ended fund |
| Currency: |
US Dollar |
| Initial Offering Period: |
8 May 2005 to 26 May 2005 |
| Minimum Investment: |
US$100,000 with additional investments in multiples of US$10,000. |
| Liquidity: |
Monthly |
| Sales Charge: |
A one-time fee of up to 2% upon subscription |
| Management Fee: |
An annual fee of 1.5% |
| Performance Fee: |
10% for every 1% by which the fund's return exceeds 10% during the financial year |
| Investment Manager: |
National Bank of Kuwait S.A.K. |
| Initial Offering Price: |
US$ 1 per unit |
| Administrator: |
Ernst & Young Business Advisory Services W.L.L., Bahrain |
| Auditor: |
PricewaterhouseCoopers, Bahrain |
| Reporting: |
Quarterly performance Reports and annual Financial Statements | |
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