KIPCO Asset Management Co. (KAMCO) announced the exceptional performance of its investment fund, named KAMCO Investment Fund (KIF). The Fund produced a return of 44.55% in year-to-date results and a 92% rate of return since its inception in 2004. This is well over the average results achieved by the Benchmark Index of the Kuwait Stock Exchange.
KIF is an open ended mutual fund which was launched in April 2004, calculated on the basis of monthly NAV (monthly net asset value). The Fund utilises the significant in-house capabilities of market research and asset management expertise for a wide group of investors, both from within the KIPCO network as well as externally.
“We have designed a strategic process by which we utilise the considerable analytical capabilities and market knowledge resources within KAMCO to evaluate market conditions on behalf of our clients,” said Zaid Al-Naqeeb, Assistant General Manager of KAMCO’s Asset Management Division. “I am delighted to say that as a result of our strategically designed approach, we have been able to provide our clients with predominantly accurate market projections.”
The comparatively low minimum investment threshold of 1000 units, coupled with competitively set fund fees, make this an ideal investment vehicle for smaller to mid-sized investors looking for attractive returns while minimising their risk and maintaining high liquidity. The Fund facilitates the easy investment in a specially selected portfolio of KSE listed companies, and thereby provides investors with a cost effective and efficient investment mechanism which would not be achieve if they tried the direct investment route.
The Fund predominantly focuses on investment in companies listed on the Kuwait Stock Exchange (KSE), though additional attractive investment opportunities may be exercised using treasury bills.
KAMCO’s investors benefit from a formidable research team that provides real-time market data and analysis to the dedicated Asset Management division responsible for managing KIF.
About KAMCO:
KAMCO is a premier investment company that provides innovative and performance driven financial solutions for its clients. Established in 1998, the company has been publicly listed on the Kuwait Stock Exchange since 2003, and has shown consistent growth in its assets under management amounting to almost US $ 6.65 billion.
KAMCO focuses on asset management (including brokerage services, tailored portfolio management, forward trading, IPOs, local and international fund management etc.) and financial services comprising the full range of corporate finance advisory services (including mergers and acquisitions, underwriting, private placements, strategy development and strategic planning, project and investment evaluation and consulting as well as private equity.)
Headquartered in Kuwait, KAMCO is a member of Kuwait Project Company (Holding) Group (KIPCO) - one of the largest holding companies in the Middle East and North Africa. KAMCO aims to be the de facto provider of innovative asset management and financial services in the Middle East. For more information on KAMCO please visit: www.kamconline.com
