The Fund is an absolute return, long/short strategy that invests in Middle East and North Africa (MENA) listed equities.
The Waha MENA Equity Fund invests in a diversified portfolio of publicly-listed companies across the Middle East and North Africa (MENA) regional equity markets. The selection of equities involves in-house fundamental research and a rigorous risk governance framework, as well as sell-side research.
The Fund launched in January 2014, has consistently generated absolute returns for our investors. The Fund is actively managed by a stable, seasoned investment team based in the region with decades of cumulative experience. The Fund follows an absolute return strategy employing a fundamental bottom-up approach with a macro and technical overlay. The Fund has a long bias but has the ability to invest on the short side to generate returns.
Total Return Performance
| Returns | 1 M | 3 M | 1 Yr | YTD | Annualized SI2 | Cumulative SI2 |
|---|---|---|---|---|---|---|
| Fund (Net) | -0.8% | 0.4% | 7.7% | -0.6% | 15.4% | 371.4% |
| Index1 | -1.3% | 1.4% | 15.3% | 3.8% | 5.4% | 77.3% |
Calendar Year Performance
| Returns | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Fund (Net) | 19.7% | 14.1% | 32.8% | 12.8% | 24.3% |
| Index1 | 12.5% | 1.2% | 32.7% | -5.7% | 10.6% |
| Returns | 2014 | 2015 | 2016 | 2017 | 2018 |
|---|---|---|---|---|---|
| Fund (Net) | 27.2% | 7.9% | 14.0% | 11.7% | 6.6% |
| Index1 | 1.7% | -14.4% | 7.9% | 4.4% | 10.4% |
Data presented is as of 31 October 2024. (1) Please note the reference index not to be used as a benchmark for performance as it is not a direct comparison, source: Bloomberg LLP. (2) Inception date of Fund is 1st Jan 2014.
0000-00-00
2016-09-02
2017-07-01
2019-11-06
2021-03-01
2022-05-03
Please call (02)667 7343, or submit your question using the form.
