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Prospectus │ FAQs │ 4Q07 |
This Fund is open for new investor |
Fund Objective and Strategy:
The Fund will seek long-term capital appreciation by investing primarily in Qatari-domiciled, listed equities. From time to time, and not ordinarily exceeding 20% of the NAV of the Fund, investment manager may choose to invest in non-Qatari stocks that he deems to have significant exposure to the Qatari economy. The performance of the Fund will be measured against that of a recognizable Qatar Benchmark (MSCI Qatar index) |
Investment Features:
• Investing in the most rapid growth GCC countries
• Easy access to your money on a monthly basis
• Investing in equities with strong fundamentals and good long term prospects
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Fund Facts
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| Fund Structure: |
An open-ended Fund |
| Currency: |
US Dollars |
| Initial Offering Period: |
16 April to 11 May 2006 |
| Minimum Investment: |
US$100,000 with additional investment in multiples of US$10,000
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| Liquidity: |
Monthly |
| Sales Charge: |
A one time fee of up to 2.0% |
| Management fee: |
An annual fee of 1.5% |
| Incentive fee: |
10% for every 1.0% excess to the benchmark (Positive performance) during the Financial Year |
| Investment Manager: |
National Bank of Kuwait S.A.K. |
| Initial Offering Price: |
US$1 per unit |
| Auditor: |
PricewaterhouseCoopers, Bahrain |
| Administrator: |
Ernst & Young Business Advisory Services W.L.L, Bahrain |
| Reporting: |
Quarterly performance reports, semi annual customer statements, and annual audited financial statements |
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Qatar Stock market:
• Doha Stock Market (DSM) was established in 1998 with the 18 listed companies
• 5 – 6 new listing companies are expected on DSM during 2006
• An estimated Growth of 55% in earning during 2006 for Qatari Market |
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Risk level
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