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Fund Objective & Strategy:
- The Fund will seek long-term capital appreciation by investing primarily in Kuwaiti domiciled, listed equities.
- From time-to-time, and not ordinarily exceeding 20% of the NAV of the Fund, the Investment Manager may choose to invest in non-Kuwaiti stocks that he deems to have significant exposure to the Kuwaiti economy.
- To help measure the success of the Fund, its performance will be measured against the MSCI Kuwait Index.
Investment Feature:
- Easy access to your money on a monthly basis.
- Investing in equities with strong fundamentals and good long-term prospectus.
- Measure Fund performance against MSCI Kuwaiti Index.
Fund Facts |
| Fund structure: |
Open-ended fund |
| Currency: |
Kuwaiti Dinar |
| Liquidity: |
Weekly |
| Minimum Investment: |
KD1,000 with additional investment in multiples of KD 1,000. |
| Sale Charge: |
A one time fee of up to 2% |
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| Management Fee: |
An annual fee of up to 1.5% |
| Incentive Fee: |
10% for every 1% excess return over the benchmark (positive performance) during the Financial Year. |
| Investment Manager: |
Watani Investment Company K.S.C.(c) (NBK Capital). |
| Initial Offering Price: |
KD 1 (one Kuwaiti Dinar) per unit |
| Custodian: |
Kuwait Clearing Company S.A.K. |
| Auditor: |
Al-Aiban, Al-Osaimi & partners (Ernst & Young) |
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Money Market Funds