(MENAFN- Arab Times) KAMCO, a leading investment company with one of the largest AUMs in the region, and winner of the prestigious Kuwait Asset Manager of the Year Award 2015, announced the start of the monthly subscription of the KAMCO Real Estate Yield Fund (KREYF) allowing investors to subscribe in the Fund at the end of every month.
KREYF, which is one of the first local funds in Kuwait to receive CMA approval for fund raising in late 2013, invests in the real estate sector directly and indirectly. KREYF activities include selling, buying and leasing properties locally and regionally (GCC and / or MENA countries).
Considering the importance of real estate investments in the targeted markets, the Fund manager focuses on the fund's strategic approach and emphasizes investing in unique low-risk real estate assets that have attractive yields. KREYF is an open-ended real estate investment fund that follows a cautious and return-yielding approach, and is denominated in USD with a variable capital ranging between $18 million and $550 million.
Mounir Samir Ezzeddine, Senior Vice President, Alternative Investment Department at KAMCO said, "Opening doors for monthly subscription in the Fund is seen as an important step taken by KAMCO due to our belief in offering our investors across the local market the chance to enhance their investment opportunities in well-performing funds."
Ezzeddine added, "KREYF provides Kuwaiti citizens and expats prospects in the real estate sector backed by the expertise of the fund managers in local and regional real estate markets. This is in line with our corporate strategy which focuses on presenting a platform of diverse products and services to serve our client needs."
"The real estate sector is a fundamental component in every investment portfolio, as it has proved to be a stabilizing factor during challenging times, namely the income yielding real estate investments. KAMCO is keen on to further develop its product diversification approach to support the investment tools in the local market, a main contributor to the stability of the economic and investment environments in capital markets."
KAMCO is always on the lookout for investment opportunities that have secure and growing returns which reflects positively on the funds' investors. The fund is characterized by its prudent investments, and one that aims to generate steady cash flows during the investment period, through the distribution of quarterly cash dividends.
KAMCO has appointed Burgan Bank and Gulf Bank as the distribution agents for the Fund to expand the pool of potential investors for KREYF, and to offer optimal methods to facilitate subscription processes for those who are interested.
KAMCO website www.kamconline.com provides more information on the prospectus and articles of association of the Fund as well as all contact details necessary for investors. KAMCO representatives can be reached at 185 26 26.
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