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×Investment Strategy
The fund will follow an active investment strategy by investing in equities of financial institutions listed on the Saudi stock market, including banks and financial firms accodring to Tadawul Banking and Financial Services Index.
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 aims to provide medium to long-term capital growth by investing in the shares of Saudi Arabian stock market. |
| 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 | 76,012,278.00 |
| Unit Price | 19.4279 |
| Last Update | 17-10-2018 |
| Change | 0.7086 % |
| Previous Close | 19.29 |
| 12 Month Low | 14.42 |
| 12 Month High | 20.75 |
Performance Overview
| Change (1M) | 3.4907 % |
| Change (3M) | (6.1105) % |
| Change (12M) | 32.1212 % |
| Change (3Y) | 26.7651 % |
| Change (5Y) | 35.2249 % |
| YTD | 26.9225 % |
| Change Since Inception | 94.2790 % |