About Aljazira Asset Allocation Fund - Moderate Strategy
Aljazira Asset Allocation Fund - Moderate Strategy is an investment fund profile on SNDUK. This page explains Aljazira Asset Allocation Fund - Moderate Strategy performance, key fund facts, and investment strategy for investors comparing funds in Saudi Arabia.
Aljazira Asset Allocation Fund - Moderate Strategy is managed by Aljazira Capital. Fund type: multi_asset. Fund code: AJM. Assets under management: 123226668. Minimum investment: 500 ريال. Inception date: 3/9/2013. IPO prospectus: صندوق الجزيرة لتوزيع الأصول - الاستراتيجية المتوازنة.pdf. صندوق الجزيرة لتوزيع الأصول - الاستراتيجية المتوازنة.pdf
Aljazira Asset Allocation Fund - Moderate Strategy is an open-ended public holding investment fund that is Shariah-compliant, managed by Aljazira Capital, and aims to achieve a balance between capital growth and capital preservation over the medium to long term by investing in a diversified portfolio of asset classes. The Fund invests in a relatively balanced manner between funds that follow growth strategies and 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 appointed to it.
The investment allocation to growth strategies ranges between 40% and 60%, while the allocation to income strategies ranges between 40% and 60%, 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 5% 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.
Benchmark: Aljazira Asset Allocation Fund - Moderate Strategy compares its performance against a composite benchmark consisting of 45% Dow Jones Islamic World Equity Index (total net return in USD), 30% Dow Jones Sukuk Index (total return in USD), 20% 1-month SAIBOR, and 5% S&P Saudi Shariah-compliant equities index. This composite benchmark is used as a reference for comparison with the Fund’s performance.
Subscription and redemption requests can be submitted from Sunday to Thursday, and the deadline for receiving subscription and redemption requests is 10:00 AM on the business day preceding the dealing day.
Aljazira Asset Allocation Fund - Moderate Strategy fund details
Aljazira Asset Allocation Fund - Moderate Strategy is managed by Aljazira Capital. The asset manager oversees portfolio decisions and fund operations for Aljazira Asset Allocation Fund - Moderate Strategy.
Aljazira Asset Allocation Fund - Moderate Strategy is classified as a multi_asset fund, which shapes its risk profile and investment universe.
Investors can identify Aljazira Asset Allocation Fund - Moderate Strategy in market data using fund code AJM.
Aljazira Asset Allocation Fund - Moderate Strategy reports assets under management of 123226668.
The minimum investment amount to participate in Aljazira Asset Allocation Fund - Moderate Strategy is 500 ريال.
Aljazira Asset Allocation Fund - Moderate Strategy was launched on 3/9/2013, giving investors a track record to evaluate long-term performance.
Aljazira Asset Allocation Fund - Moderate Strategy performance summary
Return over 1 week: +1.1476%. Return over 1 month: -0.1119%. Return over 3 months: +1.6071%. Return over 6 months: +8.4472%. Return over 1 year: +10.3818%. Return over since inception: +109.3958%.
Use this SNDUK fund page to review Aljazira Asset Allocation Fund - Moderate Strategy returns, manager details, and strategy before investing.
SNDUK publishes Aljazira Asset Allocation Fund - Moderate Strategy data to help investors compare investment funds in Saudi Arabia with transparent performance and fund information.
