Assets Management is managing flagship equity funds and they are:
Al-Wasm Fund.
An opened-end fund, seeks capital appreciation through investment in equities listed on the Kuwait Stock Exchange.
Investment Objectives:
Capital appreciation through investment in equities listed on the Kuwait Stock Exchange. Investment in non-listed equities is allowed to a maximum of 10% of Fund Net Asset Value.
Fund Summary
| Currency | Kuwaiti Dinars |
| Fund Manager | Kuwait Finance & Investment Company |
| Custodian & Administrator | Gulf Clearing Company |
| Auditor | Ernst & Young Al Aiban, Al Osaimi & Partners |
| Minimum Subscription | 1000 units and its multiples with par value of One (1) Kuwaiti Dinar. |
| Subscription Fees | Up to 1% of subscription amount. |
| Fund Managers Fees | 1.25% per annum in addition to performance fee of 10% of returns that exceed 10% per annum |
| Inception Date | 20/06/2005 |
Investment Features
- Experienced investment team with superior track record.
- Opportunistic and active investment management style focused on stock picking.
- Favorable investing and economic environment.
- Weekly liquidity.
All Correspondence to the Fund Manager Can be sent to the following address:
| Address |
Kuwait Finance and Investment Company (KFIC), |
| Telephone | 1889000 22262820 / 22262821 |
| Fax | 22421586 |
| wasm@kfic-kw.com | |
| Complaint | complains@kfic-kw.com |