GCC Momentum Fund
Equity | Jan 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