USD 10.79 Million

Net assets

USD 11.72

NAV/Unit*

6.17 %

Year to date

*as of 18 Apr 2024

Fund Objective

The first passive fund of its kind in Kuwait and across the GCC that follows the momentum methodology, by investing in shares that have sustained high momentum score over the past 12 months and tracks 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.

Your journey in investment starts here

Fund Performance

Fund price performance

Rebased at $10 since inception

Keyfacts

USD 10.79 Million

Net assets

USD 11.72

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

Management 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

Mohammed AlGhannam

Fund executive committee member

Mohammed AlGhannam

Fahad Al Rushaid

Fund executive committee member

Fahad Al Rushaid

Ghazi Al Osaimi

Fund executive committee member

Ghazi Al Osaimi

Important info

  • Fund manager: Kuwait Financial Centre K.P.S.C "Markaz". Kuwait City, Al Mirqab, Al Soor Street, Burj Alshaya, Floor 8, Tel: +965 2224 8000, P.O. Box 23444, Safat 13095, State of Kuwait
  • Fund Executive Committee Members: Mohammed AlGhannam, Fahad Al Rushaid, Ghazi AlOsaimi
  • To get a copy of the Fund’s Articles of Association, the subscription form and the financial statement of the fund, please visit our website: www.markaz.com

Disclaimer

This announcement is prepared for promotional purposes and has been approved by Markaz. This announcement does not disguise, diminish, or obscure important items from the investment subject of promotion. Investments in funds are subject to market risks. There can be no assurance or guarantee that the investment will produce any returns. Prospective Investors must therefore be aware of and understand that such investment carries a significant degree of risk of loss of their capital; the dividend rate cannot be predicted or guaranteed. Past performance is not a reliable indicator of future performance. Before investing, prospective investors must carefully examine the Articles of Association and all Fund-related documents to be aware of the investment methods, including the merits and risks involved.