The fund aims to achieve long-term capital appreciation by investing in liquid large and mid-cap stocks in selective Frontier Markets excluding the GCC Countries. The fund has a focus on investing in fundamentally strong companies with some prospect of capital gains over the medium term, in countries with rapid GDP growth, favorable demographics and expected to witness higher domestic consumption within the West East Corridor.
The WEC Africa Asia universe provides low correlation and significant diversification benefits. The Fund provides attractive dividend opportunities than emerging markets and the wider Frontier markets. Our Fund will be actively managed by NBAD’s Equity Asset Management Team in order to take advantage of opportunities as they arise.