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Asset Management |
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Local and GCC Department:
The Department is responsible for managing proprietary and client portfolios of
quoted and unquoted securities, real estate and funds in Kuwait, GCC and the MENA
region. The Department has also established its own locally-focused fund products
to market in Kuwait.
Noor closely monitors economic and financial developments in Kuwait in order to
actively execute local investment strategies and enhance performance. The Department
is comprised of a number of experienced local portfolio and fund managers. The Local
Investment Department actively supports the Kuwaiti economy by creating investment
funds and investing in companies to promote local business.
Asset Management is comprised of:
- Client portfolios
- Managed funds
- Derivative
- E-trading
1. Client Portfolios:
Client portfolios are designed to distribute capital across a diversified portfolio
in order to optimize returns at an acceptable risk profile for the client. Capital
is invested in the various sectors in a manner designed to create stability and
minimize risks.
Currently Noor Financial Investment Company offers four types of client portfolios:
- Discretionary portfolios
- Non-discretionary portfolios
- Safe custody portfolios.
- Marginal portfolios
2. Managed Funds:
Recently Noor Investment Company has lunched two managed funds:
- Noor Local and Arabian.
- Noor Islamic.
Noor Local and Arabian Fund
The Fund aims at realizing long term capital gains and developing incomes by mainly
investing in shares of companies listed or to be listed in the Kuwait Stock Exchange
as well as other GCC and Arab equities. In addition to investing in equities, the
fund may also invest in money market tools while abiding by the restrictions mentioned
in the articles of the association of the fund.
Noor Islamic Fund.
The Fund aims at realizing long term capital benefits and developing incomes by
mainly investing in shares of companies listed or to be listed in the Kuwait Stock
market along with the other official local, gulf and Arab stock markets, as well
as investing in different short to medium term investments instruments. All funds
investments shall be in compliance with the Sharia rules and regulations set forth
by the Sharia board while abiding by the restrictions related to the investment
and mentioned in the present Article of Association.
Fund advantages:
- Monthly liquidity
- Investing in promising markets
- Active strategies
- Long term returns
3. Derivatives:
In December 2006, Noor Financial Investment Company began offering a form of ?futures
trading.? Noor operates as a market maker in the Kuwait Stock Exchange. Futures
trading is a contract between the market maker and the investor that gives the investor
the right to purchase a specified number of shares of a company listed in the stock
market for a specific price. The market maker pays 60% of the purchase amount, with
an interest rate of 3.25% per quarter and a deferred maturity date that ranges from
three months up to a full calendar year, and the buyer has full rights of ownership.
In a short period (December 2006 - December 2007), Noor Financial Investment Company
has become a leader among market makers with respect to total trading value.
4. E-trading:
Through "Noor Trader" investors can trade online with only one account in all major
local and GCC stock markets and invest in global instruments such as goods and currencies.
Noor Trader offers a large group of financial services, including consultation services,
IPOs, long-term financing and loans.
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