| Inception Date |
Net Asset Value Per Unit (KD) |
As of | Return Since Inception (%) |
Year to Date (%) |
Fund Size (KD) |
|---|---|---|---|---|---|
| 17/12/2005 | 0.574 | 24-FEB-10 | -42.60% | 4.94% | 5.01 Million |
| Fund Manager | CBK Capital |
|---|---|
| Custodian | Gulf Custody Company |
| Selling Agent | Commercial Bank of Kuwait |
| Auditors | Bader & Co Pricewaterhousecoopers |
Monthly Factsheets
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June2009
- May2009
- April 2009
- March 2009
- February 2009
- January 2009
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 Capital 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.
• Subscription & Redemption application must be submitted 7 working days prior to NAV Day not later than 1 p.m.
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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