| Inception Date |
Net Asset Value Per Unit (KD) |
As of | Return Since Inception (%) |
Year to Date (%) |
Fund Size (KD) |
|---|---|---|---|---|---|
| 17/12/2005 | 0.868 | 30/07/08 | -13.20% | -11.79% | 8.4 Million |
| Fund Manager | Commercial Bank of Kuwait |
|---|---|
| Custodian | Gulf Custody Company |
| Selling Agent | Commercial Bank of Kuwait |
| Auditors | Bader & Co Pricewaterhousecoopers |
Monthly Factsheets
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
Fund Objective
• The Fund seeks to provide above average returns.
• Targets liquidity, capital gains and dividend
distributions.
• Attempts to maintain lowest risk by lowering the
correlation within the Fund holdings.
• Diversifying the Fund holdings between GCC
countries taking in to account the market cap
weightings of the respective Stock Exchanges
and market conditions
Fund Strategy
• The Fund's assets will be invested mainly in stocks
listed on the GCC Stock Exchanges.
• The Fund also invest in Money Market Funds as well
as in equity linked instruments and in IPO's.
• Fund may not invest more than 25% of Fund's
assets in any one country nor more than 10%
of the assets in any single Stock.
• The Fund will invest in GCC Companies that fit the
following criteria :
• Steady growth in revenues
• Strong operational income
• Strong balance sheets
• Attractive P/E & P/BV ratios
Fund Description
• Life of the Fund is 10 years. Capital range is
KD 5 Million to KD 100 Million.
• Minimum Subscription is 500 Units.
Client Assurance
• CBK will maintain a minimum 5% investment
in the Fund at all times.
Fees
• Subscription fees 1%
• No redemption fees
• Management fees 1.5% p.a.
• Custody fees 0.125%
Subscription/Redemption
• Subscription/Redemption is available monthly,
on the last Wednesday of each month (after the
initial lock-in period that ends on 28 June 2006).
Target Clients
• The Fund is open to all Kuwaiti nationals,
Expatriates,Corporations and Institutions.
For any inquiries or Information about the Fund, please contact | For any inquiries related to Subscription/Redemption, please contact | ||||||||||||||||
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