Global Local Fund outperforms benchmark and market index in comparison to other funds

Mr. Shahid Hameed, Head of GCC Asset Management at Global said, "The Global Local Fund is considered to be one of the top performing funds for the past five months with 8.20% year to date return and a 5% return in excess to the index."

He added that "extensive research, regular company visits and value oriented investment processes have proven to be a very successful long-term strategy".

The Global Local Fund aims to seek capital growth on the medium term, providing investors with returns that outperform the market through investing in selected stocks of listed companies in the Kuwait Stock Exchange and any other stock markets these companies are listed on.

Hameed said that the investment strategy of the Fund is research oriented. Strenuous research is conducted to ensure that the fund remains at the top in terms of performance. Meetings are also conducted on regular basis with companies for a successful long-term strategy.

He further clarified that the fund employs a buy and hold strategy, which gives a good rate of return despite periods of volatility or decline. The fund's bottom-up stock picking strategy can increase investors' wealth exponentially. The fund finds a stock's intrinsic value and if its intrinsic value is more than the current share price, then the stock is worth more than its price.

Hameed said that the fund manager will invest the fund's capital in selected shares with high returns and dividends and that enjoy stability. Reasons that contributed to the fund's outperformance are stock selection, extensive research and the array of models used to ensure the fund's success.

Hameed added, "What makes the 'Global Local Fund' a stable investment vehicle to investors is the professional management, excellent track record of the fund, good expected returns, a promising market outlook, high liquidity, excellent savings instruments as well as life insurance. The GCC team's dedication to the fund, made it outperform in comparison to the index on the Kuwaiti level."

Global currently manages 38 investment funds with multiple investment strategies and objectives. A number of which have won international awards and recognitions. Global's commitment to its investors remains strong as evident with its ongoing achievement in markets across the region.

Hameed concluded by saying, "What makes us unique at Global is the professionals who work hard as a team and have a huge interactive network with strong communication and support between its different elements. In addition, our work approach at Global gives the company's employees the space and freedom for creativity and improvement and provides them with common channels to cooperate between each other effectively and efficiently."