Watani USD Money Market Fund
The Fund seeks to achieve returns higher than the rate of return on fixed deposits in US Dollars. The Fund will seek to increase its net asset value while maintaining a high level of liquidity by investing in diversified and high-quality money market instruments.
- Potential returns higher than Fixed Deposits
- Easy weekly access to your money
- High-quality money market instruments
- Low risk investment
- Majority of the fund's investment are in fixed deposits with local banks
|Performance As of 11 April 2017||Fund|
|First Financial Year||0.95%|
|End of Q4'16 (Since Inception)|| 1.77%|
Source: Fund Manager based on the Custodian Valuation.
Disclaimer: Performance data and other information contained herein are unaudited. Past performance is no guarantee for future return and is not necessarily an indicator of future performance. The value of units can go up as well as down due to market conditions and economic, political and other factors and the investor may recover lower amount than that invested. Some statements included express opinions that should not be construed as a financial advice. The Articles of Association is available on www.nbk.com and www.nbkcapital.com and the most recent financial reports can be obtained through the Fund Manager. The Factsheet is intended only for informational puropses and does not seek any recommendation to investors.
NAV USD 10.202778 As of 11 April 2017