USD 7.16 Million

Net assets

USD 10.23

NAV/Unit*

2.29 %

Year to date

*as of 01 Jun 2023

Fund Objective

A passive fund that follows an index using the investment policy of the momentum methodology, by investing in all components of the S&P Momentum GCC Composite Index, according to their relative weight in the index, with the aim of following its performance and providing a mechanism for investors to have a momentum methodology exposure in the GCC stock markets, through the index provider's commitment to follow transparent rules in the stock selection process while ensuring a reasonable level of liquidity and turnover.

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Keyfacts

USD 7.16 Million

Net assets

USD 10.23

NAV/Unit

Securities Investment Fund

Type

Kuwait Financial Centre K.P.S.C.

Fund manager

Jan 2023

Fund inception

0.75% of net fund income

Managerment Fees

0.2%

Subscription fees

0.2%

Redemption fees

50 Units

Min. Subscription

Weekly

Fund valuation

Gulf Custody Company K.S.C.C.

Custodian

BDO Al Nisf & Partners

Auditors

Resources

Markaz Momentum Fund - Articles of Association (A)

Markaz Momentum Fund - Subscription Form

Markaz Momentum Fund - Appendix to Articles of Association

Markaz Momentum Fund - Prospectus

Fund Executive Committee Members

Fahad Al Rushaid

Fund executive committee member

Fahad Al Rushaid

Mohammed AlGhannam

Fund executive committee member

Mohammed AlGhannam

Abdullatif Al Nusif

Fund executive committee member

Abdullatif Al Nusif