Funds

Makaseb Qatar Equity Fund (MQEF)

 

Net Asset Value Per Share

DateNAVValuePercentage changeYTD return
07 May 2012MQEF8.4218       -0.37%  8.34%

Fund Details

Investment ObjectiveTo achieve long-term capital appreciation through investment in securities listed on the Doha Securities Market.
BenchmarkS&P Qatar Composite index (Bloomberg Ticker IDGPQAPD Index)
Investment ManagerMashreqbank PSC
Fund TypeOpen ended fund
DomicileBahrain
CurrencyUSD
Minimum SubscriptionUSD 10,000; any subsequent investments in multiples of USD 1,000
RegulatorCentral Bank of Bahrain
Administrator and CustodianCitibank N.A. Bahrain
RegistrarKeyPoint Consulting W.L.L, Bahrain
ValuationEvery Business Day
Subscription and RedemptionEvery Business Day
Notice Periods2 business days
Subscription FeeHas a sliding scale beginning from 2.5% for minimum investments up to USD 99,000.
Redemption Fee5% for redemptions within first 3 months; 4% for redemption between 3-6 months; 3% for redemption between 6-12 months
Management Fee2% p.a. of Net Asset Value
Performance FeeUp 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 TickerMAKQEFD BI
WKNA0J3RN
ISINBH000A0J3RN5
Zawya CodeMAKQTRE.MF
Lipper ID65038278
Reuters IDLP65038278