Makaseb Emirates Equity Fund (MEEF)
Net Asset Value Per Share
| Date | NAV | Value | Percentage
change | Since Inception Performance | Benchmark return |
| 27 August 2008 | MEEF | 13.7889 | 2.06% | 37.89% | 25.22% |
Fund Details
| Investment Objective | To achieve long-term capital appreciation through investment in shares listed on the UAE Stock Exchanges. |
| Benchmark | MSCI UAE Domestic Index (Bloomberg Ticker: MXAED Index) |
| Investment Manager | Mashreqbank PSC |
| Fund Type | Open ended fund |
| Domicile | Bahrain |
| Currency | USD |
| Minimum Subscription | USD 10,000; any subsequent investments in multiples of USD 1000 |
| Regulator | Central Bank of Bahrain |
| Administrator and Custodian | HSBC Middle East |
| Registrar | KeyPoint Consulting W.L.L, Bahrain |
| Valuation | Each business day |
| Subscription and Redemption | Each business day (i.e. each dealing day) |
| Noitice Periods | 2 business days |
| Subscription Fee | Has a sliding scale beginning from 2.5% for minimum investments up to USD 99,000. |
| Redemption Fee | 2% p.a. for the first 6 months |
| Management Fee | 1.5% 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 | MAKEEFD BI |
| Fund rating | A by S&P |
