Burgan Bank's Burgan Equity Fund records significant performance in 2012

The fund's net asset value (NAV), as of the 31st December, 2012 posted KD1.81394 per unit in comparison with KD1.67228 per unit as of the 31st December, 2011, having an annual return of 8.47%. The fund outperformed both the KSE Weighted index which closed the year at 2.97%, along with the price index which ended the year at an increase of 2.07%.

The Burgan Equity Fund enjoys a balanced investment policy which aims at long term capital gains with minimum possible risk to accommodate the fund's nature. The fund invests across a wide range of sectors such as oil & gas (1.39%), basic materials (5.24%), industrial (18.34%), consumer goods (5.15%), consumer services (2.19%), telecommunications (8.08%), banking (33.00%), real estate (15.28%), along with financial services (11.32%).

Salem Abdul Mohsen Al Haroon, Burgan Bank's Senior Investment Banking and Treasury Officer said: "We are pleased with the performance of Burgan Equity Fund during last year. The fund posted significantly higher return rates due to its balanced investment policy. Burgan Equity Fund aims at providing investors with high returns by investing the funds' assets in local securities that are listed across the Kuwait Stock Exchange. The majority of the fund's investments are in the financial services & banking sectors."

Burgan Bank's Burgan Equity Fund is amongst the bank's varied investment tools that specifically targets investors seeking exposure to Kuwaiti stocks.