Global Al-Mamoun Fund named best equity fund in Kuwait over three and five years by “Thomson Reuters Lipper”
The “Thomson Reuters Lipper” recognizes funds and fund management firms for their consistently strong risk-adjusted performance relative to their peers for three, five, and ten years, based on Lipper’s proprietary performance-based methodology.
Bader Al-Ghanim, Head of MENA Asset Management at Global said, “We are honored to be recognized by Thomson Reuters Lipper as the Best equity fund in Kuwait for 3 and 5 years”. He attributed this achievement to the ongoing dedication and hard work of the asset management team at Global.
The fund seeks to achieve long-term capital appreciation by investing in a diversified portfolio of stocks listed on the Kuwait Stock Exchange. The investment process is based on a bottom-up stock selection methodology along with a macroeconomic overlay to identify growth opportunities in Kuwait.
The fund has outperformed the respective benchmark by 14.4% and 42.8% over the past 3 and 5 years respectively. Over the past three years, the fund was down by 6.8% compared to the benchmark which was down by 21.2%; while over the past five years, the fund was up by 20.9% compared to the benchmark which was down by 21.9%. Year to date (as of 31 Jul 2017), the fund reported 16.5%, outperforming the benchmark, S & P Global Al-Mamoun index, by 7.5%.
Al-Ghanim concluded, “This performance is a testimony to our solid capabilities in managing equity investment products in the MENA region”.
If you need any additional information or have some inquires, please visit our Media Contacts page.