NBK launches Thahabi Multi-Asset Fund

The Fund's launch will provide Thahabi clients with an excellent investment vehicle that allows investing in eight different asset classes within a single fund. This offering strengthens NBK's position as the prime financial institution providing investment solutions at both the local and regional level.

Salah Al Fulaij, Chief Executive Officer of NBK Capital that manages NBK's Funds, stated that the Fund is a unique offering whereby it provides Thahabi clients with multi asset globally diversified portfolios for extremely low investment amounts starting at $20,000 only. The Fund will also offer Thahabi clients with a Savings Plan that will invest monthly amounts into the portfolios of the Fund with a minimum of $500 only. Similar investment portfolios were previously offered to high net worth individuals and large institutional investors only at high investment amounts.

The Fund's portfolios differ in terms of expected volatility according to the different risk tolerances of investors. Conservative investors can invest in the Conservative Multi Asset Portfolio that targets approximately 50% of the risk associated with equity investing. Moderate investors, on the other hand, can invest in the Moderate Multi Asset Portfolio that targets approximately 75% of risk associated with equity investing.

Al Fulaij added that the Fund was established to achieve long term capital growth. The investment strategy seeks to deliver portfolios with stable returns and low volatility through global asset diversification. Each portfolio is comprised of a global portfolio of major asset classes, and low correlation between asset classes ensures that combining them results in a globally diversified, low volatility portfolio.

The Fund is denominated in US Dollars with a minimum initial subscription of $20,000 and subsequent multiples of $1,000 for Discretionary Investors and US$500 and multiples of $100 for Savings Plan Investors. The Fund is open-ended with monthly subscriptions and redemptions. For further information please contact your Thahabi Officer at the nearest branch.