Fund objective, strategy and features
With the objective of optimizing long-term capital appreciation, the Fund promotes an active strategic approach that allocates between investments in the equity markets of GCC and MENA region, while reducing downside risk to below that of the GCC equity markets.
A feature of the Gulf Equity Fund is its organizational structure, where experienced country managers are responsible for managing individual country portfolio. These managers, with their knowledge of the target country and professional expertise, select and invest in equities of blue-chip companies, and companies with b fundamentals and long-term growth prospects.
Fund Facts
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Fund structure: |
Open-ended Fund |
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Currency: |
US Dollar |
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Initital Offering Period: |
8 May, 2005 to 26 May, 2005 |
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Liquidity: |
Weekly |
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Minimum Investment: |
USD 25,000 additional investments in multiples of USD 1,000 |
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Sale Charge |
One-time fee of up to 2% on subscription |
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Management Fee: |
Annual fee of 1.5% |
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Performance Fee: |
10% for every1% the Fund returns exceed 10% in a fiscal year |
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Investment Manager: |
Watani Investment Company K.S.C.(c) (NBK Capital) |
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Initial Offering Price: |
USD 1 per unit |
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Administrator: |
KeyPoint Consulting W.L.L., Bahrain |
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Auditor: |
PriceWaterhouseCoopers, Bahrain |
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Reporting: |
Quarterly performance reports and annual financial statement |