HSBC GCC Equity Fund

HSBC GCC Equity fund was launched in the year 2006 in Kuwait with the launch price of SAR 10. An open-ended fund, HSBC GCC Equities Fund is a Shariah-compliant equity investment fund sponsored by HSBC asset management company. The fund aims to get long-term price appreciation profits by investing in Shariah-compliant stocks. These equities are listed on the Saudi Stock Exchange. 

Moreover, several equities choices are present for international buyers on the stock markets of the UAE, Qatar, Oman, Kuwait, and Bahrain. The fund will invest in stocks adhering to the Shariah framework prescribed by HSBC's Shariah Supervisory Committee. It is valued on Monday and Wednesday. 

The cut-off time is prior to the closing of business on Sunday & Tuesday for Monday & Wednesday Valuations, respectively. The fund's success is influenced by the efficiency of the S&P GCC Composite Shariah Index. As per the policy of income and profit distribution policy, profits are not divided. Instead, it gets added to the fund assets. This is done to reinvest the income and profits to raise the unit price.

Nevertheless, if you want to trade in this fund and are looking for the best network, Nakla is your best bet. The software provides its customers with a flawless interface and advises investors on the appropriate path before reaching any investment choice. The platform details the fund's achievements to provide investors with a complete view.