Launched in 2015, SNB Capital Al Ataa GCC Equity Fund is an equity fund successfully managed by SNB Capital. The fund is top-rated among the investors with a 0% subscription charge and management fees. Though the risk level is high when investing in this fund, rest assured to get higher returns when investing for a longer tenure.
An open-ended fund, the fund is valued every Monday and Wednesday, and the announcement is made every Tuesday and Thursday. The fund ensures to invest in such organizations that are registered in GCC Stock Exchanges. Here, they spend up to 90% of Net Asset Value on stocks that generate income and are based on Shariah guidelines.
Apart from this, the fund can invest up to 10% of Net Asset Value in such organization's shares that are registered in the Parallel Market. The fund can also spend in mutual funds based on Shariah laws and licensed by CMA. Also, it can spend around 10% of Net Asset Value on REITs.
The fund strives to achieve protracted wealth increase and income creation by investing in shares of Shariah-compliant firms listed on GCC stock markets. The above-mentioned investments in financial products comprise initial public offers, subsequent offerings, rights issues, and other initial public offerings.
SNB Capital Al Ataa GCC Equity Fund provides approximately a 5.01% return on investment. However, it's essential for investors to keep in mind that they must invest in this fund for a long duration to reap the benefits.
SNB Capital Al Ataa GCC Equity Fund is a high-risk fund. Therefore, it would be fitting to state that investors need to be extra cautious while investing in this fund. This fund can be the best option for investors with greater risk tolerance.
SAR 5000 is the minimum amount an investor needs to have when planning to invest in this SNB Capital Al Ataa GCC Equity Fund.
0% is the annual management fee of SNB Capital Al Ataa GCC Equity Fund. This implies that the fund manager does not charge any amount for handling the investment on their client's behalf. However, the fund managers keep the right to make investment decisions on their client's part.
SNB Capital Al Ataa GCC Equity Fund is an open-ended fund that has numerous outstanding shares. Moreover, it's essential to remember that this fund cannot be traded on exchanges and is valued at its portfolio's NAV at the day's end.
SNB Capital Al Ataa GCC Equity Fund is managed by SNB Capital. They aim to provide their clients with top-notch solutions of integrated investment services.
SNB Capital Al Ataa GCC Equity fund's goal is to gain a long-term capital appreciation and create regular income payouts via investment in the Shariah-compliant stocks registered on the GCC exchange market and via IPOs, which work following the Shariah rules.
The expense ratio of the SNB Capital Al Ataa GCC Equity fund is 0%. This expense ratio plays a crucial role as management costs can severely impact net profitability.