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Home Investments Local and GCC Equity Fund

Local and GCC Equity Fund

Fund Objective

The Fund seeks to appreciate its capital in a Sharia-compliant manner by investing in the securities of companies listed on Boursa Kuwait and other GCC stock markets while focusing on blue chips. This aims at generating competitive return within an acceptable risk level. The Fund aims at distributing funds, if any, on an annual basis upon the discretion of the Fund Manager.

Executive Committee

  • Badria Hamad Al Humaidhi
  • Hadi Oussama Salame
  • Asok Kumar Ayinikkal
  • Ali Habeeb Atesh

Net Asset Value (NAV): KD 0.9949

Performance as of 29-Feb-2020  
Annualized Return Since Inception -4.23%
Annualized YTD Return -4.23%
Cumulative One Month return -0.52%

 

Fund Facts  
Fund structure Open-ended
Fund type Equity Fund
Currency Kuwaiti Dinar
Liquidity Monthly
Capital KWD 5,000,000 to KWD 1,000,000,000
Minimum subscription KWD 5,000
Subscription fees None
Redemption fees None
Management fees 0.75%
Performance fees None
Fund manager Boubyan Capital Investment Company K.S.C.C.
Custodian & investment controller Kuwait Clearing Company K.S.C.
Shari'a auditor Legitimate Audit House Company K.S.C.C.

 

Fund Strategy

Invest in in the securities of companies listed on Boursa Kuwait and other GCC stock markets while focusing on blue chips. The Fund Manager may invest in sovereign sukuk issued by the governments of the GCC countries, or guaranteed by the same, at the time of investment and/or other securities & debt instruments funds or other money market funds which are Sharia compliant.

Why invest in the Local and GCC Equity Fund?

  • Low minimum investment
  • Well diversified Portfolio
  • Flexible online subscriptions and redemptions
  • Possible annual distributions
  • Monthly liquidity

 

Monthly Report

Articles of Association

Subscription Application