Asset & Portfolio Management

NIC offers portfolio management in various asset classes that are tailor-made to meet investors’ risk/return profiles. NIC aims to achieve maximum returns vis-à-vis the chosen benchmark.

Discretionary Portfolios are professionally diversified to include any of the asset classes and strategies below in proportions, which efficiently meet investors’ objectives, namely:

• • Local, Regional and International Equity Markets
  • Cash Management (Money Markets)
  • FX Management
  • Real Estate Management
  • Private Equity Investment

As at 30 September 2018, NIC’s assets under management (AUM) are in excess of USD 3.56 billion.

Team Experience

• • Over 25 years of experience along with a well-established track record in the Kuwaiti and Arab equity markets
  • Established and managed the first Kuwait equity investment fund (First Investment Fund) in 1994
  • Actively involved in initial public offerings (IPOs) of various Kuwaiti companies in conjunction with the KIA privatization scheme of 1994
  • Establishers and managers of Al Wataniya, Al Safwa, Al Darij, Zajil, Mawarid and Al Mada Investment Funds
  • Strong market research capabilities
  • Diversified client base consisting of leading GCC, Kuwaiti & international corporations and high net worth individuals
• 

NIC offers investors discretionary portfolio management services in the local and regional markets.

Objective: to achieve high total return on a risk adjusted basis vis-à-vis the identified benchmark.                

50% to 70% of the portfolio will invest in the medium to long term in “blue-chip” equities which adhere to the following criteria:

• Stable growth in earnings
• Strong operating profits
• Strong management team
• Solid financial standing
• Distribution of annual dividends
• Attractive P/E levels
• Liquidity

20% to 35% of the portfolio will focus on Short to Medium term investments including:

• • Short term IPO’s
  • Opportunities arising from trading disparities
  • Financially restructured companies with sound growth prospects
  • Liquid small cap companies with promising growth prospects

• The following represents the fee structure for NIC’s individually managed portfolios:
  

Discretionary Portfolio Management Services

Non-Discretionary Portfolio Management Services

Custody Portfolios

Inception:  May 2011

The Conventional NIC Model Portfolio seeks to achieve higher returns than the benchmark S&P Kuwait, which reflects the largest Kuwaiti public companies in terms of market cap across different sectors.The portfolio exclusively invests in shares listed on the Boursa Kuwait with the goal of maximizing return and minimizing risk on a relative basis.

Inception: August 2012

The Islamic Compliant NIC Model Portfolio seeks to achieve higher yields than the benchmark KTSCI Composite Index which represents the entire Kuwait Stock Exchange Islamic choices available for investment. The portfolio exclusively invests in shares listed on the Kuwait stock Exchange and maintains about 5% in cash. The Islamic Compliant NIC Model Portfolio investment policy focuses on value investing and a sector diversification strategy to optimize returns.

Sector Distribution

Inception:  January 2014

The Dividend Growth NIC Model Portfolio seeks to achieve higher yields than the benchmark KSE Index (Weighted) which represents the entire Kuwait Stock Exchange. The portfolio exclusively invests in shares listed on the Kuwait stock Exchange and maintains about 5% in cash. The Dividend Growth NIC Model Portfolio investment policy focuses on value investing and a sector diversification strategy to optimize returns.

Inception:  July 2014

The GCC-NIC Model Portfolio seeks to achieve higher yields than the S&P GCC Large/Mid cap Index . The portfolio exclusively invests in shares listed on the GCC stock markets. The GCC-NIC Model Portfolio investment policy focuses on value investing and a sector diversification strategy to optimize returns.