HSBC Amanah GCC Equity Fund is a Shariah-compliant, actively managed, open-ended equity investment fund sponsored by HSBC. The Fund will seek long-term returns from capital growth through investment in Shariah-compliant equities listed on the Saudi Stock Exchange and shares available to foreign investors on the UAE, Kuwait, Qatar, Oman and Bahrain stock exchanges.
HSBC Amanah GCC Equity Fund strives to provide medium to long-term capital growth through the investment in GCC equity markets that include Saudi Arabia, UAE, Kuwait, Qatar, Oman and Bahrain. The Fund will invest in equities that conform to Shariah Guidelines as set by the Shariah Supervisory Committee of HSBC.
Saudi being the largest in the GCC market comprises almost 63% of the total regional allocation.
|
Fund Manager |
HSBC Asset Management |
|
Type |
Open-ended |
|
Currency |
SAR |
|
Minimum initial Subscription |
SAR 5,000 |
|
Minimum Additional Subscription |
SAR 2,500 |
|
Valuation day |
Monday & Wednesday |
|
Cut off Time |
Befor Close of Business on Sunday and Tuesday for Monday and Wednesday Valuation respectively. |
|
Subscription Fee |
3.00% |
|
Management Fee |
2.00% per annum |
|
Launch Price |
SAR10 |
For more information please call our toll free number
800 124 1212