News

13 August 2017

Global Al-Mamoun Fund named best equity fund in Kuwait over three and five years by “Thomson Reuters Lipper”

Global today announced that “Thomson Reuters Lipper” recognized Global Al-Mamoun Fund as Best Equity Fund in Kuwait over three and five years“.

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”.

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