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NBK Wealth

NBK Kuwait Equity Fund

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 Benchmark (S&P Kuwait Custom Index).

Investment Features

01

Easy access to your money on a weekly basis

02

Investing in equities with strong fundamentals and good long-term prospectus

03

Measure fund performance against S&P Kuwait Custom Index

Overview

NAV KD

1.08243

As of 15 February 2024
  • Fund Structure
    Open-ended
  • Asset Class
    Equity
  • liquidity
    Weekly
  • Inception Date
    20 June 2007
Performance
Fund
Benchmark
First Financial Year
-38.22%
-47.47%
Annualized 3 Years (Since Inception)
-17.62%
-16.61%
Annualized 6 Years (Since Inception)
-5.82%
-6.27%
Annualized 9 Years (Since Inception)
-6.07%
-5.59%
Annualized 12 Years (Since Inception)
-1.56%
-0.58%
End of 4th Quarter 2023 (Since Inception)
4.80%
14.23%
Cumulative Return (Since Inception)
11.67%
22.21%
Annualized Return (Since Inception)
0.66%
1.21%
Annualized Standard Deviation
15.35%
20.13%

Value not available

Fund Structure

Open-ended fund

Currency:

Kuwaiti Dinar

Inception Date:

20 June 2007

Liquidity:

Weekly

Minimum Investment:

KD 1,000/- and in increments of KD 1,000/-

Subscription/Redemption Dealing Day:

Wednesday of every week until 12:00 p.m.

Valuation Day:

Thursday

Subscription/Participation Fee:

2% - subscriptions less than 150,000 1% for subscriptions between 150,000 but less than 600,000 No Fees for subscriptions 600,00 and above

Management Fee:

1.5% per annum

Performance Fee:

10% for every 1% excess return over the Benchmark (Positive Performance) during the Financial Year

Investment Controller Fee/ Custodian Fee:

0.0625% per annum each

Fund Manager:

Watani Investment Company K.S.C.C. (regulated by Capital Markets Authority)

Auditor:

Rasheed Al-Qenae | KPMG Safi Al-Mutawa & Partners

Investment Controller & Custodian:

Kuwait Clearing Company K.S.C.

Subscription (selling) Agent:

National Bank of Kuwait S.A.K.P.

Fund Regulator

Capital Markets Authority

Domicle of the Fund

Kuwait

Fund Manager Contact:

Floor 35, NBK Tower, Sharq Area, Jaber Al-Mubarak & AlShuhada Street, Block 7, Plot 6, Kuwait, P.O. Box 4950 Safat, 13050 Kuwait

Email: menaequities@nbkwealth.com

 

Fact Sheet
31 / 01 / 2024
Articles of Association
21 / 09 / 2023
Subscription Form
24 / 01 / 2024
Redemption Form
24 / 01 / 2024
Financial Statements
27 / 05 / 2023

Management Team - NBK Kuwait Equity Fund

Contact Fund

Floor 35, NBK Tower, Sharq Area, Jaber Al-Mubarak & AlShuhada Street, Block 7, Plot 6, Kuwait, P.O. Box 4950 Safat, 13050 Kuwait

menaequities@nbkwealth.com

NBK Wealth
Asset Management

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