Mashreq Mena Equity Fund (MMEF)

Launching soon

Fund Details

Investment Objective The investment objective of the Portfolio is to seek to achieve long-term capital appreciation by investing primarily in the shares of companies listed or traded on Recognised Markets of the Middle East and North Africa (“MENA”) region.
Benchmark -
Investment Manager Mashreq Capital (DIFC) Limited
Fund Type Open ended fund
Domicile Dublin, Ireland
Regulator Central Bank of Ireland
Listing Irish Stock Exchange
Currency USD & AED
Minimum Subscription
US Dollar Institutional Share Class US$ 250,000
US Dollar Retail Accumulation Share Class US$ 5,000
US Dollar Retail Income Share Class US$ 5,000
Dirham (AED) Retail Accumulation Share Class AED 5,000
Dirham (AED) Retail Income Share Class AED 5,000
Administrator BNP Paribas Fund Services Dublin Limited
Custodian BNP Paribas Securities Services, Dublin Branch
Auditor Deloitte & Touche
Dealing Day Every business day, unless directors decide otherwise and notify Administrator and shareholders in advance.
Subscription and Redemption A day (except Saturdays, Sundays and public holidays) on which banks in Ireland are open for normal banking business or such other day or days as may be specified
Notice Periods Nil, orders to be received by administrator before 12:30pm (Irish Time) on the relevant day.
Subscription Fee
US Dollar Institutional Share Class Up to 1%
US Dollar Retail Accumulation Share Class Up to 3%
US Dollar Retail Income Share Class Up to 3%
Dirham (AED) Retail Accumulation Share Class Up to 3%
Dirham (AED) Retail Income Share Class Up to 3%
Redemption Fee Nil
Duties and Charges Shareholders in the Portfolio may be required to pay the Duties and Charges relating to a redemption of Shares in the Portfolio, up to a maximum of 3% of the Net Asset Value per Share of the Shares being redeemed
Management Fee
US Dollar Institutional Share Class 0.35%
US Dollar Retail Accumulation Share Class 0.75%
US Dollar Retail Income Share Class 0.75%
Dirham (AED) Retail Accumulation Share Class 0.75%
Dirham (AED) Retail Income Share Class 0.75%
Performance Fee 10% of the appreciation of the NAV which exceeds 10% of the high watermark
Bloomberg Ticker -
ISIN
Dirham (AED) Retail Accumulation Share Class IE00BYWSBL78
Dirham (AED) Retail Income Share Class IE00BYWSBM85
US Dollar Institutional Share Class IE00BYWSBH33
US Dollar Retail Accumulation Share Class IE00BYWSBJ56
US Dollar Retail Income Share Class IE00BYWSBK61
SEDOL
Dirham (AED) Retail Accumulation Share Class BYWSBL7
Dirham (AED) Retail Income Share Class BYWSBM8
US Dollar Institutional Share Class BYWSBH3
US Dollar Retail Accumulation Share Class BYWSBJ5
US Dollar Retail Income Share Class BYWSBK6
Lipper Code
Dirham (AED) Retail Accumulation Share Class 68343976
Dirham (AED) Retail Income Share Class 68343977
US Dollar Institutional Share Class 68343972
US Dollar Retail Accumulation Share Class 68343973
US Dollar Retail Income Share Class 68343975
REUTERS ID
Dirham (AED) Retail Accumulation Share Class LP68343976
Dirham (AED) Retail Income Share Class LP68343977
US Dollar Institutional Share Class LP68343972
US Dollar Retail Accumulation Share Class LP68343973
US Dollar Retail Income Share Class LP68343975
WKN -
Zawya Code
Dirham (AED) Retail Accumulation Share Class MMQTRCC.MF
Dirham (AED) Retail Income Share Class MHRQQTY.MF
US Dollar Institutional Share Class MASHSDI.MF
US Dollar Retail Accumulation Share Class MSHQSDR.MF
US Dollar Retail Income Share Class MRQQTYR.MF