SICO funds post strong record in 2013 | Economy | Saudi Gazette

SICO funds post strong record in 2013 | Economy | Saudi Gazette:



"Bahrian-based regional investment bank, Securities & Investment Company (SICO), released Friday year-end 2013 performance results for its award-winning family of regional funds. During the year, all SICO's Bahrain Bourse-listed funds continued to perform robustly in contrast to peers and respective GCC benchmark indices.
 



The bank's flagship Khaleej Equity Fund (KEF), which invests in GCC-listed equities, achieved a return of 28.4  percent for 2013, compared to an appreciation of 25  percent of the S&P GCC Composite Index - outperforming its benchmark for the eighth consecutive year. Since the fund's inception in March 2004, the fund has generated a return of 178.1  percent compared to a 61.1 percent return of the benchmark. It is the only fund in the GCC to be awarded both a 'Gold' fund grading and a '5-year Long-term' grading by Standard & Poor's Capital IQ."



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