NBK Wealth
0%

I am
looking for

Get guided search
NBK Wealth

Regional Bonds and Sukuk Investment Fund

Overview

Regional Bonds and Sukuk Investment Fund is an open-ended debt fund incorporated in Kuwait, licensed and supervised by the Capital Market Authority of Kuwait. The primary aim of the Fund is to enable investors to gain exposure to fixed-income securities either issued or guaranteed by governments, quasi-government entities or corporations registered in the MENA region.

The fund seeks long-term capital appreciation with a low level of risk by providing its investor exposure to the liquid part of the regional bond and sukuk market and predominantly investing in investment-grade securities denominated in USD. It can also exploit opportunities in the sub-investment grade in which it can invest up to 25% of its capital.

Investment Features

01

Investor-friendly structure

02

Access to a key asset class

03

Management experience

Overview

NAV USD

11.0883

As of 6 June 2024
  • Fund Structure
    Open-ended
  • Asset Class
    Debt Instruments Fund
  • liquidity
    Weekly subscriptions and monthly redemptions
  • Inception Date
    10 July 2017
Performance
Fund
First Year
-0.22%%
Annualized 3 Years (Since Inception)
5.87%%
Annualized 6 Years (Since Inception)
End of 1st Quarter 2024 (Since Inception)
15.90%
Cumulative Return Since Inception
16.40%
Annualized Return since Inception
2.22%
Annualized Standard Deviation
5.69%

Value not available

Fund Structure:

Open-ended fund

Currency:

US Dollar

Inception Date:

10 July 2017

Liquidity:

Weekly subscriptions and monthly redemptions

Minimum Investment:

USD 1,000 and increments of USD 10 thereafter

Subscription/Redemption Dealing Day:

Wednesday of every week until 2:00 p.m.

Valuation Day:

Thursday

Management Fee:

0.75% per annum

Investment Controller Fee:

USD 16,000 per annum

Custodian Fee:

0.0625% of the Fund’s net asset value until USD 50 million, with a minimum of USD 11,250

0.045% of the Fund’s net asset value for any amount above USD 50 million and up to USD 250 million, with a minimum of USD 25,000

0.035% of the Fund’s net asset value for any amount above USD 250 million, with a minimum of USD 90,000

Fund Manager:

Watani Investment Company K.S.C.C.

External Auditor:

Bader Abdullah Al Wazzan | Deloitte & Touche, Al Wazzan & Co.

Investment Controller:

Kuwait Clearing Company K.S.C.

Custodian and Registrar:

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

Subscription (Selling) Agent:

Watani Investment Company K.S.C.C.

Fund Regulator:

Capital Markets Authority

Domicile 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 / 05 / 2024
Articles of Association
27 / 12 / 2023
Subscription Form
13 / 05 / 2024
Redemption Form
28 / 02 / 2024
Financial Statements
31 / 03 / 2024

Team Members - Regional Bonds and Sukuk Investment 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

For better web experience, please use the website in portrait mode