An open-ended fund, Al Rajhi Global Equity Fund, came into existence on 27th August 1996. Since then, the fund has gained massive popularity in Saudi Arabia among people. As it is an open-ended fund, the investors get the benefit of buying the units of this fund anytime without any hassle. Not only this, but the investors can also withdraw their units on any working day as the fund doesn't come with any lock-in period.
This Al Rajhi fund enables investors to gain huge profits and grow their income in the long time horizon. The fund managers working for the fund ensure to make investments in diverse international equity payments and other funds that are based on Shariah guidelines. Later, income earned on the fund is reinvested back into the fund instead of distributing the profit among the unitholders.
With a subscription charge of 2%, the fund has fixed the minimum amount for investors to invest in this fund as 2000 USD. Any investor willing to invest in this fund must have this amount as they cannot do the below-mentioned transaction. The fund managers decide this amount so they can meet the fund's operational expenses and other related expenses.
Al Rajhi Global Equity Fund provides a desirable return on investment made by investors. Nevertheless, investors must go through the fund's performance before investing in this fund.
Al Rajhi Global Equity Fund is a high-risk fund. Hence, this fund gives vast returns when the investment is made for a long time horizon.
The minimum amount needed for investing in the Al Rajhi Global Equity Fund is 2000 USD. This is the fixed value that the investors can begin their investment with.
The annual management fee of Al Rajhi Global Equity Fund is 1.5%. The fund charges a minimal management fee to make the payment to their fund managers.
Al Rajhi Global Equity Fund is an open-ended fund that allows individuals to purchase the units of the funds as per their will.
Al Rajhi Global Equity Fund is managed by Al Rajhi Capital. The firm is known for providing outstanding asset management services.
The primary goal of Al Rajhi Global Equity Fund is that it helps investors accomplish wealth appreciation by investing in various international market shares.
The expense ratio of the Al Rajhi Global Equity Fund is 0.56%. This ratio plays a significant role for investors as it can significantly impact net profitability.