NBK Kuwait Equity Fund was the best performing fund in 2010 in comparison with 32 other all-sector funds of equities listed only in the Kuwait Stock Exchange, said NBK Capital, a leading investment management firm.

The fund achieved a +13.28 per cent gain for the first half of the year, surpassing the Kuwait Stock Exchange’s performance, in which the price index registered a -6.60 per cent loss and the weighted index registered a +3.02 per cent gain for the same period.

The NBK Kuwait Equity Fund is managed by NBK Capital, and seeks long-term capital appreciation by investing primarily in stocks listed on the Kuwait Stock Exchange.

“The achievement of the NBK Kuwait Equity Fund is evidence of the successful strategy pursued by the fund, where its continued success is proven by the consistent ranking of the fund as the best performing fund for the first quarter in 2010 and again now for the first half of the year,” said Nabil Maroof, managing director of asset management at NBK Capital.

The fund’s management is based on sophisticated risk management systems and an emphasis on detailed analysis of the market, a statement said.

It carefully targets the best stocks after intensive research on listed companies and their stocks through regular visits to grasp a deeper understanding of the target companies’ long term strategies, according to the statement. – TradeArabia News Service