Is it focused on any particular industries, markets, commodities or geographical regions, and what is its strategy?
The fund seeks long term capital appreciation by investing principally in listed equity in the GCC region. Our investment strategy is a bottom-up stock picking strategy which is research intensive in nature. The strategy is consistent with the investment objective of the fund and so far has been able to meet the objective of producing above average returns while keeping the investment risks in check. Where is the fund domiciled, and why? The Fund is domiciled in Bahrain as an exempt fund and is open to institutional investors and high net-worth individuals only. The reason for registering the fund in Bahrain are: SICO is a Bahrain based investment bank and it is cost effective and convenient to register the fund in Bahrain; SICO wants to participate in developing the financial services industry and therefore the fund is domiciled in Bahrain; the mutual fund regulatory framework in Bahrain is superior, in our view, as compared to the rest of the region; and a Bahrain domicile makes the
