Recognition for consistent, outstanding, risk-adjusted fund performance
KUWAIT: KAMCO Investment Company, a leading investment company with one of the largest AUMs in the region, has won the prestigious “Best Kuwait Equity Fund” award from MENA Fund Manager Magazine (MENA FM), specializing in asset management within the MENA region.
During the MENA FM award ceremony held in Dubai, KAMCO was recognized for its consistent, outstanding, risk-adjusted fund performance throughout 2017. The Firm’s top performing fund, the KAMCO Investment Fund (“KIF”), achieved a notable 21.4 percent return during 2017, ranking it as the top performing fund in the region. Salah Al-Wuheib, Chief Assets Officer of KAMCO, and Mahmood Tifouni, Acting Head of the MENA Asset Management Department, accepted the award on behalf of the Company. The event was attended by a number of senior representatives from the local and international investment scene.
On this occasion, Al-Wuheib said, “We would like to sincerely express our gratitude and appreciation towards the MENA FM team for presenting us with this prestigious award. This award further reflects our leadership role within the local markets, which is backed by a skilled team of experienced fund and portfolio managers who rely on strong research and analytics to make investment decisions. This award will also serve as a catalyst to consistently offer optimal products and services to our investors and clients.”
Al-Wuheib added, “We will continue to further enhance our comprehensive and complex approach in actively growing our clients’ portfolios through our distinctive investment performance levels, benefiting our investors and shareholders.”
He also mentioned that the Kuwaiti market has been one of the best performing markets and the trend is expected to continue. The entry of Kuwait into the international indices, improvement in corporate earnings, and governance standards are attracting both institutional and retail investors. He also noted that the fund, with its excellent performance, will be in higher demand.