Makaseb Arab Tigers Fund (MATF)
Net Asset Value Per Share
| Date | Nav | Value | Percentage change | Since Inception Performance | Benchmark return |
01 July 2009 | MATF | 6.6469 | 0.16% | -33.53% | -54.28% |
Fund Details
| Investment Objective | Aims to achieve long-term capital appreciation by investing in the securities of blue chip companies listed on
the stock exchanges of the Middle East and North Africa (MENA) region. The primary equity markets targeted by MATF include Saudi Arabia, UAE, Kuwait, Qatar, Egypt, Jordan, Morocco, Oman, Bahrain, Lebanon & Tunisia. |
| Benchmark | MSCI Arabian Index (Bloomberg Ticker MXARM Index) |
| Investment Manager | Mashreqbank PSC |
| Fund Type | Open ended fund |
| Domicile | Bahrain |
| Currency | USD |
| Minimum Subscription | USD 1,000 |
| Regulator | Central Bank of Bahrain |
| Administrator and Custodian | Gulf Investment Corporation |
| Registrar | KeyPoint Consulting W.L.L, Bahrain |
| Valuation | Each Business Day |
| Subscription and Redemption | Each Business Day |
| Notice Periods | 2 business days |
| Subscription Fee | Has a sliding scale beginning from 2.5% for minimum investments up to USD 99,000. |
| Redemption Fee | 5% if redeemed within 3 months
4% if redeemed within 6 months 3% if redeemed within 12 months |
| Management Fee | 2% p.a. of Net Asset Value |
| Performance Fee | Up to 10% of the appreciation in the Net Asset Value (NAV) of the fund which exceeds 10% p.a. during a calendar year paid to the Investment Manager annually in arrears. |
| Bloomberg Ticker | MAKATFD BI |
| Fund Rating | AA by S&P |
| WKN | A0J3RQ |
| ISIN | BH000A0J3RQ8 |
| Zawya Code | MAKARBT.MF |
| Lipper ID | 65038280 |
| Reuters ID | LP65038280 |
