HSBC GCC Equity Income Fund

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  • Rate
    4.90
NAV (Feb 2, 2023)
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NAV (Feb 2, 2023)
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NAV (Feb 2, 2023)
+0.75%
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About HSBC GCC Equity Income Fund

Investment Objective

The HSBC GCC Equity Income Fund was managed by the core group of HSBC Saudi Arabia, which has a proven history of handling investments in the GCC area. The Capital Market Authority's Investment Funds Regulations regulate the Fund (CMA). The subscription fee is up to 2%, and the fund is valued on Monday and Wednesday. 

Being an open-ended equity fund, this fund's motive is to gain capital appreciation over the long tenure along with income distribution by spending on the shares of organizations listed in distinct GCC share markets. However, it must comply with the Sharia routine authorized Sharia Supervisory Committee set in the data memorandum. 

Furthermore, various stock options are available to overseas purchasers on the UAE, Qatar, Oman, Kuwait, and Bahrain stock exchanges. The fund will invest in equities in accordance with the Shariah framework established by the Shariah Supervisory Board of HSBC. 

The fund will serve as an income distribution fund, with revenue earned by the fund given to Unitholders twice yearly. The Board of Directors has exclusive power to discontinue payout if it considers it essential, with the exception of capital profits realized by the fund. When looking for an app to invest in this fund, there is no better option than Nakla.

Expense Ratio
%
Asset Class
Fund Type
Open
Fund Currency
Shariah Compliant
Fund Objective
Risk Level
Minimum Subscription
Subscription charges
Management fees
Leverage
Launched Date
2010/09/30

Fund Managers

HSBC Saudi Arabia
Fund Manager

FAQs about HSBC GCC Equity Income Fund

What Kind of Returns does HSBC GCC Equity Income Fund Provide?

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HSBC GCC Equity Income Fund provides a 14.53% YTD return when you invest in this fund. Nevertheless, there is no guarantee of future returns; previous yields might provide realistic assumptions about how the investment will evolve over time.

How risky is the HSBC GCC Equity Income Fund?

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HSBC GCC Equity Income Fund is a high-risk fund. Hence, investors who are ready to expose themselves to more risk can go ahead and invest in this fund.

What minimum amount is required to invest in the HSBC GCC Equity Income Fund?

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The minimum amount required to invest in the HSBC GCC Equity Income Fund is SAR 5000. This is the lowest sum of cash or shares a consumer can purchase when dealing in specific securities, funds, or opportunities.

What is the Average Annual Management Fee of HSBC GCC Equity Income Fund?

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The Average Annual Management Fee of HSBC GCC Equity Income Fund is 1.70%. Professionals may help investors with risk allocation, asset rebuilding, and tailored investing counselling once they pay this yearly management charge.

What is the Fund Type of HSBC GCC Equity Income Fund?

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HSBC GCC Equity Income Fund is an open-ended fund. Even after the initial offering period (NFO), the shares can be acquired and traded (in the case of the latest funds).

Who manages the HSBC GCC Equity Income Fund?

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HSBC Saudi Arabia manages HSBC GCC Equity Income Fund. The fund tries to provide worth by combining the investment manager's broad knowledge, access to crucial research, and a statistical evaluation technique.

What is the HSBC GCC Equity Income fund's goal?

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HSBC GCC Equity Income fund intends to promote long-term capital return and wealth distribution. They aim to do this by making an investment in the stocks of companies listed on numerous GCC stock exchanges.

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SAR 5000 per month
Over the past

Total Investment of (SAR) 0
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