The Fund aims to provide long-term capital growth by investing its assets mainly in listed Saudi joint stock companies across different sectors, within the criteria set by the Riyad Capital Sharia Committee.
The Fund manager employs research tools and focuses on companies that enjoy strong fundamental factors and promises long-term growth. During allocating assets, the manager will take into consideration the relative weights of companies in the benchmark, risk requirements, market trends, economic and political conditions, in addition to Fund objectives. The Fund will also invest in Saudi IPOs and reinvests distributed dividends in the Fund.
On 2 Feb 2006, unit price has been divided by 1000 and number of units owned by the client multiplied by 1000.
Riyad Equity Fund 2 Facts:
- Launch Date: 21-Nov-1996
- Fund Manager: Farooq Waheed
- Fund Currency: Saudi Riyals (SAR)
- Fund Domicile: Saudi Arabia
- Fund Objective: Capital Growth
- Risk Level: High
- Fund Classification: Local - Shari’a compliant
- Valuation/Dealing Days: Mon-Wed
- Settlement In: 5 Business Days
- Sector Focus: Diversified
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.