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The MENA market awards were announced on May 18^th, 2021, recognizing funds with outstanding performance based on Refinitiv’s rigorous assessment process. Kamco Investment Fund was named the Refinitiv Lipper Fund Awards Kuwait 2021 Winner in the categories of “Best Equity Fund Over 5 Years”, and “Best Equity Fund Over 10 Years”.

Commenting on the awards, Salah Al Wuhaib, Senior Executive Director of Equity and Fixed Income at Kamco Invest, said, “We are proud to have received these recognitions that highlight the consistent performance of the Kamco Investment Fund based on our diligent investment philosophy and active fund management style. These results were achieved by consistently placing our clients’ interests at the forefront of our management style and continuously seeking to offer innovative and premium quality products and services.”

He added, “The fund outperformed its respective benchmarks during the mentioned periods with Kamco Investment Fund achieving 57.1% over 5-years (Benchmark 42.6%), and 31.5% over 10-years (benchmark 12.4%) as of 31 December 2020.”

“This year’s Refinitiv Lipper Fund Awards recognized the steadfast resolve of award-winning managers and firms who successfully navigated one of the sharpest market downturns and recoveries on record enabling investors to maintain a level of economic confidence amidst a backdrop of uncertainty.

In a year that endured the impacts of an unprecedented global humanitarian crisis, in which markets reflected investors’ emotions of shock and optimism, there was a degree of solace in having one’s financial fortunes overseen by the stewardship of professional money managers.

We congratulate the 2021 Refinitiv Lipper Fund Award winners and wish Kamco Invest continued success.” Robert Jenkins, Head of Research, Lipper, Refinitiv.

Al Wuhaib concluded by congratulating the Asset Management Team, whose efforts and hard work paid off with the positive performance achieved by most of Kamco Invest’s funds in outperforming their benchmarks.

It is worth mentioning that Refinitiv is one of the world’s largest providers of financial markets data and infrastructure, serving over 40,000 institutions in approximately 190 countries. It provides leading data and insights, trading platforms and open data and technology platforms that connect a thriving global financial markets community – driving performance in trading, investment, wealth management, regulatory compliance, market data management, enterprise risk and fighting financial crime.