Investment Funds Performance in Kuwait
This report presents the performance of investment funds during the third quarter of 2025 as well as year-to-date. It covers Kuwait-focused and Gulf-focused funds, both conventional and Islamic, that are managed by Kuwaiti companies licensed by the Capital Markets Authority in Kuwait. Local investment funds continued their positive performance during Q3 2025, driven by positive investor sentiment and rising financial markets.
Kuwait Conventional Equity Funds
Watani Kuwait Equity Fund topped the list of best-performing conventional Kuwaiti equity funds rising 23.59% year-to-date and 3.29% during the quarter. Al-Raed Investment Fund, managed by Kuwait Investment Company, was in second place up 23.32% YTD and 3.57% in Q3, Al Ahli Kuwait Fund, managed by Ahli Capital Investment Company, came in third place rising 23.21% YTD and 3.17% during the quarter.
Kuwait Islamic Equity Funds
AlFajer Fund, managed by Wafra International Investment Company, led Kuwaiti Islamic equity funds with an increase of 27.72% year-to-date and 6.12% during the quarter. Kamco Islamic Fund came in second place up 24.75% YTD and 3.79% during Q3, followed by the Kuwait Investment Fund, managed by Kuwait Investment Company, rising 23.52% YTD and 3.63% during the quarter.
Gulf Conventional Equity Funds
Watani Gulf Equity Fund led Gulf Conventional equity funds recording a YTD increase of 10.39% and rising 4.29% during Q3. While Al Ahli Gulf Fund grew 5.44%YTD and 2.97% during the quarter.
Gulf Islamic Equity Funds
The KIC GCC Equity Fund, managed by Kuwait Investment Company, led Gulf Islamic equity funds rising 12.93% YTD and 5.24% during Q3. In second place was Noor GCC Islamic Fund, managed by Noor Financial Investment Company, which grew 9.90% since the beginning of the year and 4.21% during the quarter. Boubyan Local and GCC Equity Fund came in third place rising 6.16% YTD and 4.93% during Q3.
Fixed Income Funds
Watani USD Bond Fund led fixed income funds rising 7.40% year-to-date and 2.77% in Q3. In second place was the Boubyan Islamic Global Sukuk Fund, managed by Boubyan Capital Investment Company with a year-to-date increase of 5.32% and a Q3 rise of 1.74%. Wafra Bond Fund came in third with a year-to-date growth of 3.59% and a Q3 increase of 1.53%.
Download full report here.
