A performance driven recognition
Kuwait, 13 August 2017 - Global Investment House (Global), a regional asset management and investment banking firm headquartered in Kuwait, with offices in major capital markets in the MENA region, 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”.
–Ends–
For further information:
Moustafa Zantout
Senior Vice President
Marketing & Communications
Global Investment House
Tel: +965 2295 1615
Fax: +965 2295 1638
E-mail: mzantout@global.com.kw
© Press Release 2017
