About SAB Invest Multi Assets Growth Fund
SAB Invest Multi Assets Growth Fund is an investment fund profile on SNDUK. This page explains SAB Invest Multi Assets Growth Fund performance, key fund facts, and investment strategy for investors comparing funds in Saudi Arabia.
SAB Invest Multi Assets Growth Fund is managed by SAB Invest. Fund type: fund_funds. Fund code: SIM. Assets under management: 962340048. Minimum investment: 10 ريال. Inception date: 12/27/2004.
SAB Invest Multi Assets Growth Fund is an open-ended public investment fund in the fund of funds category, Shariah-compliant, managed and operated by SAB Invest. The Fund aims to achieve capital growth over the long term and is classified as high risk.
The Fund primarily invests in investment funds that comply with Shariah standards and are approved by the Shariah Committee, including primarily funds managed by the Fund Manager. The Fund selects investment funds based on several factors, including the experience of fund managers, investment strategies, and past performance.
The Fund’s investment in Shariah-compliant local, regional, and global equity funds, as well as other high-risk assets, ranges between 55% and 80% of the Fund’s assets. This category may include commodity funds, Real Estate Investment Trusts, and local and global Exchange-Traded Funds. In contrast, investments in Murabaha funds and Sukuk funds range between 20% and 45%. The Fund may also invest directly, at a range of 0% to 10%, in high- or low-risk investments, such as shares of listed companies, rights issues, and initial public offerings in GCC equity markets, including the Main Market and Parallel Market, in addition to Sukuk and Murabaha transactions.
The Fund Manager may hold a higher proportion of the Fund’s assets in cash or money market instruments and funds, up to 100% in exceptional circumstances or during the rebalancing process, which may slightly affect the minimum allocations of other investments. The Fund also requires investments in funds to be licensed by the Capital Market Authority and compliant with the Fund’s Shariah standards.
SAB Invest Multi Assets Growth Fund uses the SAB Invest Multi-Assets Growth Index as its benchmark for measuring performance. It is a composite index that is rebalanced at the beginning of each month to restore its components to their initial weights, and consists of 20% of the one-month SAIBOR Index, 20% of the Dow Jones Islamic Titans 100 Index, 12.5% of the Dow Jones Islamic Emerging Markets Index – Total Return, 37.5% of the S&P Saudi Shariah Index – Total Return, and 10% of the S&P GCC Shariah Index – Total Return.
Subscription and redemption requests are accepted according to the Fund’s specified dealing schedule, and the deadline for receiving requests is 4:30 p.m. Saudi Arabia time on Thursday for Monday’s valuation, and on Monday for Wednesday’s valuation. Unit prices are announced on Tuesdays and Thursdays, while redemption proceeds are paid by the end of the fourth business day following the relevant valuation day.
SAB Invest Multi Assets Growth Fund fund details
SAB Invest Multi Assets Growth Fund is managed by SAB Invest. The asset manager oversees portfolio decisions and fund operations for SAB Invest Multi Assets Growth Fund.
SAB Invest Multi Assets Growth Fund is classified as a fund_funds fund, which shapes its risk profile and investment universe.
Investors can identify SAB Invest Multi Assets Growth Fund in market data using fund code SIM.
SAB Invest Multi Assets Growth Fund reports assets under management of 962340048.
The minimum investment amount to participate in SAB Invest Multi Assets Growth Fund is 10 ريال.
SAB Invest Multi Assets Growth Fund was launched on 12/27/2004, giving investors a track record to evaluate long-term performance.
SAB Invest Multi Assets Growth Fund performance summary
Return over 1 week: +0.9778%. Return over 1 month: +1.5763%. Return over 3 months: +2.0586%. Return over 6 months: +8.1908%. Return over 1 year: +14.9343%. Return over since inception: +304.2252%.
Use this SNDUK fund page to review SAB Invest Multi Assets Growth Fund returns, manager details, and strategy before investing.
SNDUK publishes SAB Invest Multi Assets Growth Fund data to help investors compare investment funds in Saudi Arabia with transparent performance and fund information.
