Established in the year 2004 in Egypt, HSBC Global Equity Index Fund is an equity fund handled by HSBC Saudi Arabia LTD. Known for offering high returns on the investment, the fund managers use their expertise and knowledge while trading on your behalf. With the minimal subscription fees, investing in this firm is the perfect option for investors who are ready to bear risk.
The investment goal is to produce long-term investment returns by investing in a diverse portfolio of assets specified by a suitable index. The fund utilizes a replicating investment method to deal in equity securities. This should fulfill the Islamic investment criteria of firms in the Index (investing in shares of organizations in similar proportions to their weightings in the Indices). Up to 10% of the fund's assets may be invested in other Funds.
However, the fund invests in a diverse range of Sharia-compliant securities that are part of the Dow Jones Islamic Titans 100 Index. It also trades in Sharia-compliant shares featured in the Dow Jones Islamic Titans 100 Index to replicate the Index's success. The Sharia investment criteria established by HSBC Saudi Arabia's Sharia supervision committee shall be carefully followed by the fund.
If you would like to trade in this fund and want the most significant network, Nakla is your best bet. Before making any investment decision, the program gives its users a faultless interface and advises them on the best course to choose. The platform details the fund's accomplishments to offer investors a comprehensive picture.
HSBC Global Equity Index Fund has been providing a 19.71% return since the beginning of the year. However, when investing in this fund, be prepared to invest your money for a longer tenure.
When discussing the risk associated with the HSBC Global Equity Index Fund, it is undoubtedly high. However, the fund has the capability to generate higher yields by investing in high-growth prospective company stocks.
The minimum amount you need to invest in the HSBC Global Equity Index Fund is USD2000. This value is the smallest dollar amount an investor can buy while investing in the specified opportunity or fund.
The average Annual Management Fee of HSBC Global Equity Index Fund is 1.55%. This amount comprises all direct expenditures in running the investments, like employing the fund manager and research team.
HSBC Global Equity Index fund is an open-ended fund that makes the investment seamless. Investors can purchase the units at any time of the year and begin their investment journey.
HSBC Saudi Arabia manages HSBC Global Equity Index Fund. the fund managers possess years of experience and ensure to meet the requirements of their clients in real-time.
HSBC Global Equity Index fund's goal is to derive long-term returns by making an investment in a wide range of portfolios of assets specified by a relevant index. Moreover, it invests in equity securities that adhere to the Islamic investing standards of the Index's constituent firms.
The expense ratio of the HSBC Global Equity Index Fund is 0.39%. This ratio is the part of asset payable to fund managers in the form of maintenance charges.