Global Saudi Equity Fund

Fund Summary

Fund Structure: 
Open Ended
Launch Date: 
Nov, 2008
Domicile: 
SAUDI ARABIA
Geographic Focus: 
Saudi Arabia
Currency: 
SAUDI RIYAL (SAR)
NAV Frequency: 
Every Sunday and Tuesday
Benchmark: 
Tadawul All Share Index – TASI
Custodian: 
HSBC Saudi Arabia Limited
Auditors: 
EY Saudi Arabia
Regulator: 
Capital Market Authority - Saudi Arabia

Fund Objective & Strategy

Achieving long-term capital growth with predefined and controlled levels of risk, by investing in stocks listed on the Saudi stock exchange. In addition, the fund will aim to achieve returns that exceed the average by benefiting from the expected economic growth in Saudi Arabia while maintaining a suitable level of diversification for fund assets and reduction of total risk by investing in different market sectors.

The fund manager selects companies selling at a discount to intrinsic value. We identify intrinsic value through rigorous fundamental analysis and research conducted by an experienced investment team.

Research is done on a company-by-company basis to determine the economic worth of companies based on projected future earnings and cash flows taking into consideration economy and market activity.

Performance

Performance as at Jan-2017.

 

YTD

1 Year

3 Years

5 Years

Since Inception

Fund

-0.23%

12.75%

-1.93%

36.52%

108.14%

Index

-1.51%

18.43%

-18.93%

7.18%

48.28%

Net Asset Value (NAV)

NAV Date: 
14 February 2017
Fund NAV: 
206.0530

Past performance is not a guide to future returns. All the information contained in this document is believed to be reliable but may be inaccurate or incomplete. A full explanation of the characteristics of the investment is given in the prospectus. Any opinions stated are honestly held but are not guaranteed. The outlook expressed in this fact sheet represents the views of the fund manager at the time of preparation and are not necessarily those of the Global Investment House as a whole. They may be subject to change and should not be interpreted as investment advice. The document is meant for financial promotion and does not provide you with all the facts you need to make an informed decision about investing and hence is not intended to constitute investment advice. The information provided should not be considered as a recommendation or solicitation to purchase, sell or hold these securities. It should also not be assumed that any investment in these securities was or will be, profitable.