AHLI CAPITAL KD MONEY MARKET FUND
Fund Overview
The Fund seeks to invest in money market instruments to increase its net asset value, maintain a high level of liquidity, and provide attractive returns compared to similar investments. The Fund seeks to provide enhanced returns compared to KD fixed deposits while maintaining weekly liquidity.
FUND OBJECTIVE
The Fund’s strategy is to invest in money market instruments such as bank deposits, Sukuk and/or bonds issued by the governments of the Gulf Cooperation Council countries or issued under their guarantee, any bonds and/or Sukuk that are BBB rated or better, and other money market funds.
| Fund Type |
Money Market Fund |
| Fund Structure |
Open-Ended |
| Risk Categorization |
Open-Ended |
| Currency |
KWD |
| Subscription/Redemption |
Weekly |
| Minimum Initial Subscription |
KD 1,000 |
| Inception Date |
October 2024 |
| Fund Manager |
Ahli Capital Investment Company K.S.C.C. |
| Custodian & Investment Controller |
Kuwait International Trustee Company K.S.C.C |
| External Auditor |
Deloitte & Touche Al Wazzan & Co |
| Subscription Fee |
None |
| Management Fee |
Up to 1% |
| Committee |
|
