KFIC | Funds
Equity Funds

Assets Management is managing two 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:                          Abdulkareem Abdullah Al-Samdan
                                         Al Aiban, Al Osaimi & Partners-Ernst & Young
       
    Minimum Subscription:       1000 units and its multiples with par value of One (1) Kuwaiti Dinar.
    Subscription Fees:            Up to 1% of subscription amount.
    Fund Manager's 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:

    Kuwait Finance and Investment Company (KFIC)-Sharq-Ahmad Al-Jaber Street-Al-Arabia Tower-P.O.Box 21521 Safat 13037 Kuwait

     

    Telephone: 1889000 Ext (4210), (4327), (4297)
                    22446381 / 22446380

    Fax:          22421586
    Email:        CRM@kfic-kw.com
    Complaint:  complains@kfic-kw.com

     



  • Al-Basha'er GCC Equity Fund.
    Liquidated in 2019 and finally closed by 2020.

    Al Basha'er GCC Equity Fund won the 'Lipper Fund Award' in 2006 & 2008 by topping the Sharia'a compliant GCC Equity Fund category, by creating diversity and expanding its fund basket, through managing and marketing the fund in different sectors and divers assets.