Makaseb Income Fund

Net Asset Value Per Share

Date Fund NAV Value (US$) Percentage change YTD return
18-Apr-17 MIF 14.11069 0.14% 4.46%

Fund Details

Investment Objective Seeks to provide current income while ensuring the stability of capital. The Fund's secondary objective is to seek income growth over the long term. The Fund aims to achieve its objective by investing in a diversified portfolio of fixed and floating rate investments originating from countries in the GCC, MENA, South Asia and other emerging economies.
Benchmark JP Morgan MECI Index
Investment Manager Mashreq Capital (DIFC) Limited
Fund Type Open ended fund
Domicile Bahrain
Currency USD
Minimum Subscription USD 10,000; any subsequent investments in multiples of USD 1000
Regulator Central Bank of Bahrain
Administrator and Registrar KeyPoint Consulting W.L.L, Bahrain
Custodian Citibank N.A., Bahrain
Valuation Each Business Day
Subscription and Redemption Each Business Day
Notice Periods 2 business days
Subscription Fee Up to 2%
Redemption Fee 3% for redemption within first 3 months; 2% for redemption within 3-6 months; 1% for redemption between 6-12 months
Management Fee 0.75%
Performance Fee 0%
Bloomberg Ticker MAKAINC BI
Lipper ID 65038282
Reuters ID LP65038282