Burgan Bank Wins Prestigious Thomson Reuters Lipper Award for ‘Best Local Equity Fund’

Burgan Bank, the most dynamic bank in Kuwait, is proud to announce that it has recently been awarded the ‘Best Equity Fund’ over ten years in the prestigious Thomson Reuters Lipper Award MENA Markets. The coveted award was delivered in recognition of the Fund’s consistent long-term outperformance, a lucrative result of efficient asset allocation run by Burgan Bank as the fund manager, in partnership with KAMCO Investment Company, the fund's external investment advisor.

Thomson Reuters Lipper Fund Awards serves as renowned industry leader for acknowledgment of outstanding skill and expertise put forth by the fund managers. Running for more than 30 years in over 20 countries around the world, the awards are based on Lipper’s proven proprietary methodology and measure only the highest achievements of outperformance to respective shareholders.

Winning the influential accolade for the second consecutive year, Burgan Equity Fund aims to provide unit holders with superior returns by investing the Fund’s assets in shares of companies listed in the Kuwait Boursa.

Identified for consistently maneuvering through volatile market conditions with intelligent foresight to finally deliver considerable risk-adjusted performance, Burgan Equity Fund enjoys a balanced investment policy which aims at long term capital gains with minimum possible risk. The fund invests across a wide range of sectors including consumer services, oil & gas, telecommunications, basic materials, consumer goods, real estate, financial services, industrial, and banking. Burgan Equity Fund’s has increased in value by 124.79% since inception on 9 December 2001 through the end of December 2016, while in 2016 the fund has outperformed the Kuwaiti Boursa Weighted index by approximately 5.3%. 

Within the five and a half-year period, which commenced in 2012 until July 2017, the Fund generated cumulative alpha of 18.09% over the Kuwait Boursa Weighted Index. Burgan Equity Fund is one of the top performing funds on a risk adjusted return basis over the same period (based on a basket of 10 funds with minimum asset under management of KD 10 million).