- Launch Date: -
- Fund Classification: public open-ended equity fund
- Sector Focus: Diversified
- Risk Level: High
- Fund Currency: Saudi Riyals (SAR)
- Valuation/Dealing Days: Mondays and Thursday
- Settlement In: 3 Business Days
A public open-ended equity fund aims to provide medium to long-term capital growth by investing its assets mainly in Saudi equities. including IPOs in the Main Saudi stock market (Tadawul), the Parallel Market (Nomu). and the Gulf markets.
Investment Strategy & Investment Universe:
The Fund Manager will follow freestyle active management strategy that enables the fund manager to take advantages of investment opportunities mainly in the Saudi markets. To achieve its goals, the fund can also invest in a wide variety of instruments to enhance its returns, for example: GCC Equities, IPOs, traded write issues, ETFs, REITs, Private Equities of pre-listing companies, Fixed Income, Financial Derivatives & Money Market.
Minimum Subscription, Additional Subscription and Redemption limits:
Minimum subscription: 5000 SAR
Minimum additional subscription or redemption: 1,000 SAR
Fees and charges:
Subscription fee: up to 1% of the subscription value
Management fee: 2% annually of the fund’s total assets (net of fund’s fees & expenses)
Past performance is not a guarantee of future returns. The value of units, the income from them, the prices and currencies of the funds, can go down as well as up. Investors may get back less than he or she originally invested. Additionally, fees shall apply on the fund. Changes in currency rates may have an adverse effect on the value, price or income of the security. To ensure proper understanding of the fund and its suitability for you according to your risk tolerance, we recommend that you seek a specialized investment advisor. More information about the fund is available in the Terms and Conditions applicable to that fund and must be read carefully before investing. While reading the fund’s Terms and Conditions, please refer to the principal risks of investing in the Fund.