HSBC Saudi Industrial Companies Equity Fund

About HSBC Saudi Industrial Companies Equity Fund

HSBC Saudi Industrial Companies Equity Fund was launched in the year 2005, and since then, it has marked its footsteps in the market. The valuation days for this fund are Monday and Wednesday, and the announcement is made on Tuesdays and Thursdays. With the subscription charge of 2%, the investors need to have at least SAR 5000 to start investing in this fund. 

The Saudi Industrial Sector Fund seeks to generate long-term capital growth by investing in market-proxy sectors. The fund will invest in stocks that follow Shariah guidelines established by our Shariah Supervisory Board. 

The Saudi Industrial Sector has grown significantly in recent years, thanks to ongoing government assistance, which has benefited the Saudi Stock Exchange. By the close of 2004, the majority of enterprises comprising the industrial sector had grown to 26 with a market capitalization of far more than SAR 555 billion.

The Saudi Industrial Sector is presently the greatest amongst Saudi areas in terms of Market Cap. This accounts for even more than 40% of the entire market, a rise of further more than 16% since December 31, 2002. However, it is a high-risk fund mainly because of the individual industry investment approach. If you are considering investing in this fund, you can do so via Nakla.

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FAQs about HSBC Saudi Industrial Companies Equity Fund

What Kind of Returns does HSBC Saudi Industrial Companies Equity Fund Provide?

HSBC Saudi Industrial Companies Equity Fund provides a 13.29% return when investing for a long tenure in this HSBC Saudi Industrial Companies Equity Fund.

How risky is the HSBC Saudi Industrial Companies Equity Fund?

HSBC Saudi Industrial Companies Equity Fund is considered a high-risk fund with the assurance of higher returns. As a result, these funds are appropriate for investors with a high-risk tolerance who are ready to invest in volatile assets.

What is the minimum amount you need to invest in the HSBC Saudi Industrial Companies Equity Fund?

The minimum amount you need to invest in the HSBC Saudi Industrial Companies Equity Fundis SAR 5000. This indicates that investors cannot spend or purchase whatever quantity they desire; they must spend or buy at least the appropriate amount.

What is the Average Annual Management Fee of HSBC Saudi Industrial Companies Equity Fund?

The Average Annual Management Fee of HSBC Saudi Industrial Companies Equity Fund is 1.7%. This value is calculated as a percentage of overall assets managed (AUM). The sum is mentioned yearly and is often levied monthly or quarterly.

What is the Fund Type of HSBC Saudi Industrial Companies Equity Fund?

HSBC Saudi Industrial Companies Equity Fund is an open-ended fund. This fund has an ideally unlimited number of prospective shares outstanding.

Who manages the HSBC Saudi Industrial Companies Equity Fund?

The fund manager of HSBC Saudi Industrial Companies Equity Fund is HSBC Saudia Arabia. They ensure that each investment plan is tailored to capture the essence of the investment tool.

What is the HSBC Saudi Industrial Companies Equity fund's goal?

The fund seeks to add value by combining the fund manager's extensive expertise, exposure to basic research, and a quantitative valuation technique implemented within a regulated framework.

What is the expense ratio of the HSBC Saudi Industrial Companies Equity Fund?

The expense ratio of the HSBC Saudi Industrial Companies Equity Fund is 0.43%. This ratio indicates the assets payable to the investment manager.

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