Balanced Egypt Al Watany Bank of Egypt Fund by NBK Capital Asset Management Egypt
Watani Investment Company KSCC (“NBK Capital”) is pleased to announce that two National Bank of Kuwait, Egypt funds, managed by NBK Capital Asset Management Egypt, have received excellence awards at the Thomson Reuters MENA Asset Management Conference & Zawya Fund Awards held earlier this month in Dubai, UAE.
At the awards’ conference, Islamic Equity Fund–AlHayah received the Lipper Fund Award 2014 for being a top performer in its ‘Equity Egypt’ class over three years. The Lipper Fund Awards program honors funds that have excelled in delivering consistently strong risk-adjusted performance, relative to their peers in the industry.
The Zawya Fund Award 2014 recognition went to the Balanced Fund – AlMizan, also managed by NBK Capital Asset Management Egypt, for being the top performer fund in its ‘Balanced’ class for 2013 in Egypt. Zawya’s Funds Ranking is an independent ranking system, thoroughly unbiased and presenting accurate information with an emphasis on transparency.
NBK Capital Asset Management Egypt is pleased to add these two awards to its collection of similar accolades of excellence it has recently received. Jointly owned by NBK Capital and The National Bank of Kuwait – Egypt, the company currently manages four funds in Egypt: money market, fixed income, balanced and Islamic equity, in addition to separately managed portfolios.