KAMCO wins award from World Finance
‘Best Asset Management Company – 2017’
KUWAIT CITY, Nov 5: KAMCO Investment Company, a leading investment company with one of the largest AUMs in the region, won the “Best Asset Management Company — 2017” award under the GCC Investment and Development category, from World Finance. The firm holds Assets Under Management (AUM) of over $10.4 billion as of Sept 30, 2017 and manages some of the top performing funds locally and regionally.
Following KAMCO’s submission, the World Finance panel, along with insight brought forth by World Finance readers, crowned KAMCO as the best in its category within the local market. The World Finance panel has a combined experience of over 230 years of financial and business journalism, supported by a highly skilled research team to provide comprehensive analyses of the very best firms in each market.
Salah Al Wuheib, Chief Assets Officer of KAMCO, said, “We would like to express our sincere gratitude and appreciation towards the World Finance team for this recognition. Our team at KAMCO has worked diligently to offer conventional and customized portfolio solutions to accommodate each client’s specific investment objectives and risk tolerance. The Asset Management team’s conservative investment strategy focuses on a long-term approach through diversified and secure investments backed by robust in-house research.”
Al Wuheib added that his team of experienced fund and portfolio managers and analysts have assisted in continually increasing the rather notable size of KAMCO’s AUM. The team has also succeeded in managing the current top fund in Kuwait, the KAMCO Investment Fund (KIF), which was classified as the top performing fund based on year-to-date returns. On the other hand, he added that the discretionary portfolios has achieved remarkable net growth during the same period, outperforming the Standard & Poor’s GCC Index benchmark.
He further mentioned, “Placing our clients at the core of our progressive model, we extend a range of complex strategies through planning, structuring and managing their investments to actively monitor and grow their portfolios. We will also continue to implement our comprehensive approach coupled with our leading-edge investment research tools to further enhance and strengthen our performance levels, benefiting both investors and shareholders.”