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:
As at 30 September 2019, NIC’s assets under management (AUM) are in excess of USD 3.50 billion.
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:
20% to 35% of the portfolio will focus on Short to Medium term investments including:
The following represents the fee structure for NIC’s individually managed portfolios:
Minimum Investment
Individual: KWD 250,000
Company: KWD 500,000
Annual Management Fee
Below KWD 1,000,000 – 1.00%
Above KWD 1,000,000 – 0.75%
plus incentive fees of 20% of the amount by which the annualized rate of return achieved by
the portfolio exceeds 10% p.a
Annual Fee
0.50%
0.125%
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.
Month to Date
Quarter to Date
Year to Date
Since Inception
Conventional NIC Model Portfolio*
5.16%
5.74%
26.02%
48.52%
5.57%
6.07%
19.16%
-
Long – Term
50% to 70%
Short – Term
20% to 35%
Cash
Minimum 5%
Stock
The weights of stocks are capped at 10% above or below their corresponding weight in the benchmark
Sector
The weights of sectors are capped at 20% above or below their corresponding weight in the benchmark
The Islamic Compliant NIC Model Portfolio seeks to achieve higher yields than the benchmark S&P Kuwait Shariah 10% Capped Index (KWD) TR which represents the entire Boursa Kuwait Islamic choices available for investment. The portfolio exclusively invests in shares listed on the Boursa Kuwait 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.
Islamic Compliant NIC Model Portfolio*
3.46%
4.97%
19.05%
50.15%
Benchmark*
2.65%
3.69%
6.43%
1.79%
*Benchmark Changes S&P Kuwait Shariah 10% Capped Index (KWD) TR KTSCI Composite Index (All) - Since Inception to Dec 2018
The Dividend Growth NIC Model Portfolio seeks to achieve higher yields than the benchmark KSE All Share Market Index (Weighted) which represents the entire Boursa Kuwait. The portfolio exclusively invests in shares listed on the Boursa Kuwait. The Dividend Growth NIC Model Portfolio investment policy focuses on value investing and a sector diversification strategy to optimize returns.
Dividend Growth Model - Kuwait*
3.36%
3.22%
17.53%
51.52%
KSE - All Share Market Index (Custom)
4.39%
16.71%
8.86%
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.
GCC NIC Model Portfolio*
2.04%
0.04%
9.17%
13.11%
S&P GCC COMPOSITELARGEMIDCAP INDEX
1.39%
(1.23%)
5.95%
Established in July 2001
Dedicated to investing in listed Kuwaiti equities
Established in June 2003
Invests in listed and unlisted Sharia-compliant equities in Kuwait & the GCC
Established in February 2005
Dedicated to investing in Kuwaiti & Arab listed and unlisted equities in the services and telecommunications sectors, which abide by Islamic Sharia
Established in April 2006
Dedicated to investing in Kuwaiti and GCC Sharia-compliant listed and unlisted equities in the industrial and petroleum services sectors
Established in July 2008
Dedicated to providing capital appreciation and income to its investors by investing in GCC listed equities, which abide by Islamic Sharia