About Aljazira Asset Allocation Fund - Growth Strategy
Aljazira Asset Allocation Fund - Growth Strategy is an investment fund profile on SNDUK. This page explains Aljazira Asset Allocation Fund - Growth Strategy performance, key fund facts, and investment strategy for investors comparing funds in Saudi Arabia.
Aljazira Asset Allocation Fund - Growth Strategy is managed by Aljazira Capital. Fund type: multi_asset. Fund code: AAG. Assets under management: 418051135. Minimum investment: 500 ريال. Inception date: 3/9/2013.
Aljazira Asset Allocation Fund - Growth Strategy is an open-ended public holding investment fund that is Shariah-compliant, managed by Aljazira Capital, and aims to achieve capital growth over the medium to long term by investing in a diversified portfolio of asset classes. The Fund focuses primarily on funds that follow growth strategies, with a lower proportion invested in funds that follow income strategies.
The Fund primarily invests in Aljazira Capital funds, with the ability to invest in funds managed by other licensed financial companies, in addition to real estate funds, Real Estate Investment Trusts (REITs), listed closed-ended funds, and Exchange-Traded Funds (ETFs) listed locally or in international markets, as well as certificates. The Fund is committed to ensuring that all of its investments comply with the Shariah standards approved by the Shariah Supervisory Committee.
The investment allocation to growth strategies ranges between 70% and 90%, while the allocation to income strategies ranges between 10% and 30%, and cash may be held at up to 5% of the Fund’s assets. The Fund may also invest in Exchange-Traded Funds that invest in gold at up to 10% of Net Asset Value, and in local and foreign private funds at up to 10%. The holding fund must invest in at least three investment funds, with an investment of no less than 5% of the holding fund’s Net Asset Value in each of them, and the investment in any single fund must not exceed 50% of the holding fund’s Net Asset Value.
Subscription and redemption requests can be submitted from Sunday to Thursday, except for official holidays in the Kingdom of Saudi Arabia. The deadline for receiving a subscription or redemption request and the subscription amount is 10:00 AM on the business day preceding the dealing day.
Aljazira Asset Allocation Fund - Growth Strategy fund details
Aljazira Asset Allocation Fund - Growth Strategy is managed by Aljazira Capital. The asset manager oversees portfolio decisions and fund operations for Aljazira Asset Allocation Fund - Growth Strategy.
Aljazira Asset Allocation Fund - Growth Strategy is classified as a multi_asset fund, which shapes its risk profile and investment universe.
Investors can identify Aljazira Asset Allocation Fund - Growth Strategy in market data using fund code AAG.
Aljazira Asset Allocation Fund - Growth Strategy reports assets under management of 418051135.
The minimum investment amount to participate in Aljazira Asset Allocation Fund - Growth Strategy is 500 ريال.
Aljazira Asset Allocation Fund - Growth Strategy was launched on 3/9/2013, giving investors a track record to evaluate long-term performance.
Aljazira Asset Allocation Fund - Growth Strategy performance summary
Return over 1 week: +1.7069%. Return over 1 month: +0.0311%. Return over 3 months: +2.7116%. Return over 6 months: +12.586%. Return over 1 year: +15.388%. Return over since inception: +177.0446%.
Use this SNDUK fund page to review Aljazira Asset Allocation Fund - Growth Strategy returns, manager details, and strategy before investing.
SNDUK publishes Aljazira Asset Allocation Fund - Growth Strategy data to help investors compare investment funds in Saudi Arabia with transparent performance and fund information.
