Global Investment House "Global" has announced the launch of Global Small Cap. Fund, the first of its kind in Kuwait that invests in small capitalization companies listed on the Kuwait Stock Exchange (KSE).
Mr. Bader AL-Sumait, Executive Vice President at Global, said that the Fund's strategy is to achieve growth by investing no less than 80% of its net assets in Small Cap companies with a capital of 50 million Kuwaiti Dinars or less. The Fund is open-ended with a capital ranging from KD5 - 40 million, he added.
Market studies conducted by Global revealed that historically, small cap. companies listed on KSE have continuously outperformed the market indices and other sectors over the long run, AL-Sumait affirmed.
“Despite all this, small caps often garner little attention from analysts or investors, resulting in a high probability that small cap stocks are undervalued and mispriced, making them an attractive buy for many investors,” he added.
This latest addition to Global’s list of unique investments funds is ideal for investors who wish to diversify their portfolio, and gain exposure to the potential growth of small cap stocks in the Kuwaiti market.
Global EVP considered the small cap fund to be a new opportunity added to Global’s highly selected investment funds, recognized for their unique strategic investment opportunities and growth of profit.
Currently Global manages more than 25 investment funds with various strategies some of which recorded a performance above market indices that won them local and international appreciations. Recently, Eurekahedge ranked Global Distressed Fund "3rd Best Hedge Fund in the World" while Barclay Group ranked it "7th Best Hedge Fund in the World" both according to Sharpe Ratio.
