BankMuscat MSCI Kuwait Fund

NAV 0.4469 USD

- 0.001

- 0.16%

24 May 2012

Performance Overview as of 24 May 2012

	Fund Return	MSCI Kuwait⁺
1 Month	- 4.75%	- 3.42%
3 Months	- 5.96%	- 4.67%
YTD *	- 9.52%	- 6.05%
1 Year	- 22.70%	- 15.19%
3 Years	- 22.84%	- 5.56%
5 Years	- 64.62%	- 52.56%
Since Inception	- 55.31%	- 41.24%

* Returns are from the beginning of the year until the respective 'As Of' Date

⁺ Benchmark Index

Ratio Analysis *

	Fund	MSCI Kuwait
Annualised Return It is a measure that converts rates of returns of any length into annual rates of returns	- 13.43%	- 9.13%
Annualised Standard Deviation It measures the volatility of the fund. The higher the percentage, the riskier is the fund	25.49%	25.28%
Beta It measures how a fund's share price moves in relation to a benchmark. The benchmark index has a beta of 1. A beta greater than 1 means the fund tends to rise and fall more than the index does. A beta less than one means the fund tends to be less volatile than the index	0.97
Alpha It is the excess return of the fund relative to the return of the benchmark index. Simply, it is the value that a portfolio manager adds to or subtracts from a fund's return. A positive alpha of 1.0 means the fund has outperformed its benchmark index by 1%. Correspondingly, a similar negative alpha would indicate an underperformance of 1%	- 0.05
Information Ratio This ratio is used to evaluate the returns a fund manager achieved in comparison to the benchmark, given the risk they take on	- 0.64
Sharpe Ratio This ratio measures the reward per unit of risk. The Sharpe ratio tells us whether the returns of a portfolio are due to smart investment decisions or a result of excess risk. This measurement is very useful because although one fund can reap higher returns than its peers, it is only a good investment if those higher returns do not come with too much additional risk. The higher the ratio the better is the fund	- 0.77	- 0.61
Based on Risk Free Rate of %
* Formulas are available in the Education Center

Fund Facts

Objective		To achieve the average performance of the shares listed in the MSCI Kuwait Index
Asset Type		Index
Geographic Focus		Kuwait
Currency		USD
Structure		Open - Ended
Inception Date		October 2006
Initial Target Size		5,000,000 USD
Fund Size 13May12		659,285 USD
NAV Frequency		Daily
Administrator		SICO Funds Services Co. BSC
Fund Manager		Shirish Raut BankMuscat SAOG
Domicile		Bahrain
Elligibility		Open to all investors provided that legislation in Bahrain and in their country of citizenship, residence allows them to do so.
Zawya Code Zawya exclusive 7 digit code is used to locate a fund profile on the Funds Monitor through the search box		BMAMSCI.MF

Fees and Expenses

Min. Subscription
Dividend Policy
Administration Fee
Subscription Fee
Redemption Fee
Performance Fee
Custodian Fee
Management Fee
Fees Notes

Charts

NAV CHART

PERFORMANCE CHART

NAV (USD) 24May12	0.4469
Change	0.001 ( 0.16%)
Previous Close 23May12	0.4476
12 Month High 15Jun11	0.5819
12 Month Low 17May12	0.4444

Investment Strategy

The fund's assets will be invested mainly in index securities listed on the Kuwait Stock Exchange and that are part of the BankMuscat MSCI Kuwait Index.

Fund Material