About SAB Invest Global Equity Index Fund
SAB Invest Global Equity Index Fund is an investment fund profile on SNDUK. This page explains SAB Invest Global Equity Index Fund performance, key fund facts, and investment strategy for investors comparing funds in Saudi Arabia.
SAB Invest Global Equity Index Fund is managed by SAB Invest. Fund type: equity. Fund code: SIG. Assets under management: 55377100. Minimum investment: 10 دولار. Inception date: 7/13/2004.
SAB Invest Global Equity Index Fund is an open-ended public investment fund in the equity funds category and Shariah-compliant, managed by SAB Invest. The Fund aims to achieve capital growth over the long term through investment in Shariah-compliant global equities and is classified as high risk.
The Fund follows a passive investment approach and aims to achieve performance as close as possible to that of the Dow Jones Islamic Titans 100 Index, which is the Fund’s benchmark. The Fund achieves this primarily through investment in units of the HSBC Islamic Global Equity Index Fund, an open-ended fund investing in global equities and compliant with Shariah standards. The investee fund was selected based on factors including the Fund Manager’s experience, investment strategies, and past performance.
The Fund’s investment in the HSBC Islamic Global Equity Index Fund ranges between 90% and 100% of the Fund’s assets, while up to 10% may be allocated to cash, Murabaha, or Murabaha funds approved by the Shariah Committee. In exceptional circumstances, the Fund Manager may hold a higher proportion of the Fund’s assets in cash or money market instruments and funds, up to 100%.
Subscription and redemption requests are accepted every Monday and Wednesday, and the deadline for receiving requests is 4:30 p.m. The Fund’s assets are valued every Tuesday and Thursday, and the unit price is announced one day after the valuation day, while redemption proceeds are paid by the end of the fifth business day following the relevant valuation day.
SAB Invest Global Equity Index Fund fund details
SAB Invest Global Equity Index Fund is managed by SAB Invest. The asset manager oversees portfolio decisions and fund operations for SAB Invest Global Equity Index Fund.
SAB Invest Global Equity Index Fund is classified as a equity fund, which shapes its risk profile and investment universe.
Investors can identify SAB Invest Global Equity Index Fund in market data using fund code SIG.
SAB Invest Global Equity Index Fund reports assets under management of 55377100.
The minimum investment amount to participate in SAB Invest Global Equity Index Fund is 10 دولار.
SAB Invest Global Equity Index Fund was launched on 7/13/2004, giving investors a track record to evaluate long-term performance.
SAB Invest Global Equity Index Fund performance summary
Return over 1 week: -1.0139%. Return over 1 month: +2.3577%. Return over 3 months: +5.1181%. Return over 6 months: +22.3692%. Return over 1 year: +21.5995%. Return over since inception: +674.8744%.
Use this SNDUK fund page to review SAB Invest Global Equity Index Fund returns, manager details, and strategy before investing.
SNDUK publishes SAB Invest Global Equity Index Fund data to help investors compare investment funds in Saudi Arabia with transparent performance and fund information.
