SNB Capital Al Musahem GCC Fund

Since its inception in 2006, SNB Capital Al Musahem GCC Fund has been an open-ended fund with high risk. Hence, if you are investing in this fund, it is advisable to invest for a long tenure to gain excellent yields on your investment. Moreover, reviewing the fund’s performance from time to time is also essential. 

This Al Musahem GCC fund majorly spends in GCC Stock Exchanges registered firms' shares. Simultaneously, it invests almost 90% of NAV in GCC corporation shares. They also invest around 10% of net asset value in organisations registered by Parallel Market. 

The investment manager ensures to keep a decent part of the fund’s assets in distinct forms like cash, investments in money markets, and more. They use their skills and knowledge to invest funds in securities that provide great returns. With no management fees and the expense ratio, investing in this fund can be a wise option wherein the investor doesn’t require to pay additional charges for handling their portfolio. 

With a minimum subscription of 7500 SAR, the fund is valued on Monday and Wednesday, and the announcement is made on Tuesday and Thursday. However, it’s essential to remember that this fund in the United Arab Emirates does not pay dividends to unitholders. Instead, all the cash dividends are reinvested in the fund, which will enhance the worth and units of the fund.