HSBC Saudi Freestyle Equity Fund was launched in the year 2012 under the management of HSBC Saudi Arabia. The fund provides investors with a new strategy for dealing with Shariah-compliant Saudi equity, with its uniqueness stemming from the fund's "Freestyle" managerial style.
An open-ended equity fund, this fund's motive is to accomplish, over the mid to long tenure, capital appreciation by spending on a wide range of organizations' portfolios of stocks registered on the Saudi Stock Exchange. However, this does not include a conventional financial foundation and is part of the HSBC Saudi Freestyle Equity Fund.
The Fund Manager may opt to spend the fund's surplus capital in short-term Money Market Funds to boost the fund's yield. The fund is a revenue-gathering fund, which means its earnings are reinvested rather than given to Unit Holders. The Shares' worth and cost will mirror the fund's revenue reinvestment.
With the subscription charge of 2%, this fund invests in a focused portfolio. It is handled in a proactive and adaptable way to offer investors results that are not related to a baseline or weighted associated with indices. If you're ready to invest in this fund but need a platform, Nakla is your one-stop-shop. The software streamlines the trading procedure and assists the user in making sound investment decisions.
HSBC Saudi Freestyle Equity Fund provides a 43.5% return when you invest in this fund. However, there is no assurance of future results; historical yields can offer reasonable expectations about the development of the investment over time.
HSBC Saudi Freestyle Equity Fund is a high-risk fund that is apt for investors with detailed expertise in the market and a good understanding of the trends.
When planning to invest in the HSBC Saudi Freestyle Equity fund, you need to have at least SAR 5000 in your account. This is the minimal amount of money or shares a buyer can buy when investing in a particular security, fund, or chance.
The average Annual Management Fee of HSBC Saudi Freestyle Equity Fund is 1.7%. After paying this annual management fee, experts may assist investors with risk allocation, portfolio rebuilding, and customized investment guidance.
HSBC Saudi Freestyle Equity Fund is an open-ended fund. The fund supporter trades shares directly to clients and retrieves them as well. These shares are valued regularly on the basis of the net asset value.
HSBC Saudi Freestyle Equity Fund is handled by HSBC Saudi Arabia. The fund seeks to create value by combining the fund manager's extensive knowledge, access to essential studies, and a statistical assessment methodology.
HSBC Saudi Freestyle Equity fund's goal is to generate capital growth over the mid to long term by investing in stocks or shares of firms listed on the Saudi Stock Exchange that adhere to Shariah-compliant requirements and have been certified by the Fund's Shariah Committee.
0.43% is the expense ratio of the HSBC Saudi Freestyle Equity fund. It is calculated by dividing overall fund fees (comprising management and operational charge) by total fund securities worth.