NBK Wealth: Kuwaiti funds deliver strong 2025 returns

NBK Wealth, a world-class wealth management group and part of the NBK Group, reported strong 2025 fund performance across Kuwait and the Gulf. Both conventional and Islamic funds delivered notable gains for the year and fouth quarter (Q4), reflecting resilient regional markets and investor confidence.

The report covers the performance of Kuwait-focused and Gulf-focused funds, both conventional and Islamic, managed by Kuwaiti companies licensed by the Capital Markets Authority.

Kuwait conventional equity funds

Watani Kuwait Equity Fund topped the list of best-performing Kuwait conventional equity funds rising 26.86% during 2025. Al-Raed Investment Fund, managed by Kuwait Investment Company, was in second place up 26.81%, while Al Ahli Kuwait Fund, managed by Ahli Capital Investment Company, came in third place and rose 25.80%.

On a quarterly basis, Coast Investment Fund led the way in the last quarter, rising 4.79%, followed by Al Wataniya Investment Fund with a 3.80% growth, and then Al Raed Investment Fund with a 2.83% increase.

Kuwait Islamic equity funds

AlFajer Fund, managed by Wafra International Investment Company, led Kuwait Islamic equity funds with an increase of 30.77% year-to-date (YTD). Kuwait Investment Fund, managed by Kuwait Investment Company, came in second place with a 30.02% YTD return, followed by Markaz Islamic Fund, which rose by 28.30% YTD and came third among Kuwaiti Islamic equity funds.

On a quarterly basis, Kuwait Investment Fund led the way in the last quarter, achieving a 5.27% increase, followed by Markaz Islamic Fund with a 4.20% growth, and then KFH Capital Premier Market Fund with a 3.93% increase.

Gulf conventional equity funds

Watani Gulf Equity Fund led Gulf Conventional equity funds recording a YTD increase of 6.28% and declined (3.84%) during Q4. While Al Ahli Gulf Fund grew 2.67%YTD and declined by (2.63%) during the quarter.

Gulf Islamic equity funds

The KIC GCC Equity Fund, managed by Kuwait Investment Company, led Gulf Islamic equity funds rising 12.12% YTD and declined by (0.71%) during Q4. Noor GCC Islamic Fund which is managed by Noor Financial Investment Company came in second place and grew 6.75% YTD and declined by (2.87%) during the quarter. Boubyan Local and GCC Equity Fund came in third place rising 2.26% YTD and declined by (3.67%) during Q4.

Fixed income funds

Watani USD Bond Fund led fixed income funds in Kuwait rising 8.34% YTD and 0.92% in Q4. In second place was Wafra Bond Fund with a growth of 4.80% YTD and 1.17% during Q4.

Re-disseminated by Wealth and Society