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×Investment Strategy
The fund seeks to achieve medium to long-term capital appreciation by investing in equities of listed financial institutions including banks financial firms. The fund also invests up to ten percent of its assets in mutual funds with similar strategy and objective.
Fund Facts
| Fund Manager | HSBC Saudi Arabia Limited |
| Domicile | Saudi Arabia |
| Eligibility | All investors |
| Fund Category | Equity |
| Inception Date | 01-08-2004 |
| Inception Price | 10.00 |
| Valuation Period | Bi-Weekly |
| Valuation Basis | The fund is valued each Monday and Wednesday. |
| Fund Name | HSBC Financial Institutions Fund |
| Short Name | FIF |
| Fund Objective | The fund seeks to achieve medium to long-term capital appreciation by investing in equities of listed financial institutions. |
| Fund Classification | Growth |
| Geographic Focus | Saudi Arabia |
| Currency | Riyal |
| Structure | Open |
Fees And Expenses
Additional Subscription Information :
2,500.00
| Management Fee | 1.70 % | Performance Fee | 0.00 % |
| Management Fee Type | Per annum | Min. Subscription | 5,000.00 |
| Subscription Fee | 2.00 % | Min. Redemption | 2,500.00 |
| Redemption Fee | 0.00 % | Custodian Fee | 0.00 % |
| Date | Downloads | |
|---|---|---|
| HSBC Financial Institutions Fund | 04-10-2018 |
Fund Performance
Data Not Available
| NAV | 91,610,559.00 |
| Unit Price | 22.8722 |
| Last Update | 18-02-2019 |
| Change | (0.7404) % |
| Previous Close | 23.04 |
| 12 Month Low | 16.12 |
| 12 Month High | 23.33 |
Performance Overview
| Change (1M) | 1.6330 % |
| Change (3M) | 19.0250 % |
| Change (12M) | 39.8031 % |
| Change (3Y) | 97.3545 % |
| Change (5Y) | 39.2396 % |
| YTD | 12.8967 % |
| Change Since Inception | 128.7220 % |