About Alpha Saudi Equity Fund
Alpha Saudi Equity Fund is an investment fund profile on SNDUK. This page explains Alpha Saudi Equity Fund performance, key fund facts, and investment strategy for investors comparing funds in Saudi Arabia.
Alpha Saudi Equity Fund is managed by Alpha Capital. Fund type: equity. Fund code: PHS. Assets under management: 1181782477. Minimum investment: 10,000 ريال. Inception date: 7/25/2018.
Alpha Saudi Equity Fund is a Shariah-compliant, open-ended public equity fund managed by Alpha Capital. The Fund aims to achieve capital growth over the medium to long term through investment in shares of companies listed on the Saudi financial market, while seeking to outperform the Fund’s benchmark. The Fund is classified as high risk.
The Fund Manager follows an active management approach in building the portfolio by combining top-down and bottom-up approaches. The top-down approach begins with analyzing local economic indicators, interest rates, sector and industry movements, geopolitical factors, liquidity, and volatility levels, while the bottom-up approach focuses on detailed company research and building financial models and forecasts to select investment opportunities and construct the portfolio. Investment opportunities and portfolio allocations are also reviewed periodically in line with the Fund’s long-term objectives.
The Fund’s investments in Saudi equities range between 30% and 100% of its assets, while investments in similar Saudi equity funds range between 0% and 50%, with a maximum of 25% in any single fund, and investments in Real Estate Investment Traded Funds (REITs) range between 0% and 50%. Short-term Murabaha transactions may not exceed 25% of assets and are limited to counterparties licensed by the Saudi Central Bank and denominated in Saudi Riyals, provided that the counterparties hold an investment-grade credit rating of at least BBB- or equivalent from one of the major global credit rating agencies, with a maximum of 25% for each counterparty or Murabaha fund.
The Fund Manager may reduce the Fund’s equity investments to zero and allocate its assets to cash or Murabaha transactions when a sharp market decline is expected or suitable opportunities are unavailable, in necessary circumstances and after obtaining approval from the Shariah Supervisory Committee. Investment in securities issued by a single issuer may not exceed 10% of the Fund’s net assets, with the possibility of increasing this percentage to 20% in the cases and exceptions specified in the Investment Funds Regulations.
The Fund’s benchmark is the S&P Saudi Shariah Domestic Price Return Index (SPSHDSAL Index). It is a price return index that measures the performance of Shariah-compliant Saudi equities, and the Fund’s investments are not limited to the stocks comprising the index.
The Fund’s assets are valued and subscription and redemption requests are processed every Monday and Wednesday, except for official holidays in the Kingdom. The deadline for submitting requests is 12:00 noon Riyadh time, and the unit price is announced on the following business day.
Alpha Saudi Equity Fund fund details
Alpha Saudi Equity Fund is managed by Alpha Capital. The asset manager oversees portfolio decisions and fund operations for Alpha Saudi Equity Fund.
Alpha Saudi Equity Fund is classified as a equity fund, which shapes its risk profile and investment universe.
Investors can identify Alpha Saudi Equity Fund in market data using fund code PHS.
Alpha Saudi Equity Fund reports assets under management of 1181782477.
The minimum investment amount to participate in Alpha Saudi Equity Fund is 10,000 ريال.
Alpha Saudi Equity Fund was launched on 7/25/2018, giving investors a track record to evaluate long-term performance.
Alpha Saudi Equity Fund performance summary
Return over 1 week: -1.7617%. Return over 1 month: -6.1493%. Return over 3 months: -3.4311%. Return over 6 months: -6.9842%. Return over 1 year: -9.7731%. Return over since inception: +217.023%.
Use this SNDUK fund page to review Alpha Saudi Equity Fund returns, manager details, and strategy before investing.
SNDUK publishes Alpha Saudi Equity Fund data to help investors compare investment funds in Saudi Arabia with transparent performance and fund information.
