About Saudi Financial Institutions Equity Fund
Saudi Financial Institutions Equity Fund is an investment fund profile on SNDUK. This page explains Saudi Financial Institutions Equity Fund performance, key fund facts, and investment strategy for investors comparing funds in Saudi Arabia.
Saudi Financial Institutions Equity Fund is managed by SAB Invest. Fund type: equity. Fund code: SFI. Assets under management: 29208731. Minimum investment: 5000 ريال. Inception date: 7/22/1995.
SAB Invest Saudi Financial Institutions Equity Fund is managed by SAB Invest and is an open-ended public investment fund in the equity funds category. The Fund aims to achieve long-term capital growth by investing primarily in shares of banks and financial institutions listed on the Saudi financial market. It is classified as high risk.
The Fund focuses its investments on the banking sector in the Saudi market according to the components of its benchmark index. Its investment in any one company may not exceed 10% of its net assets or its weight in the index, whichever is higher. The Fund may invest in listed bank shares that are not included in the index up to a maximum of 5% per company, and in IPOs of companies within the sector up to a maximum of 10%, as well as rights issues not exceeding 10% or the stock’s weight in the index, whichever is higher. It may also invest in money market funds licensed by the Capital Market Authority, including funds managed by the Fund Manager.
The Fund’s investments are limited to the Saudi financial market. It does not invest directly in derivatives, Sukuk, or bonds. It may borrow up to 10% of its net assets, except for borrowing to meet redemption requests. Its investments with any one counterparty or group may not exceed 25% of its net assets. The Fund Manager may, depending on market conditions, hold part or all of the Fund’s assets in cash or short-term instruments.
The Fund uses the S&P Saudi Banks Equity Index – Total Return as a benchmark for measuring performance. The index comprises shares of banks and financial institutions listed in the Saudi stock market, and its value is calculated based on the free-float market capitalization of its constituent companies. It is a total return index, meaning that distributions are included in the calculation of its value.
Dealing takes place on Sunday for Monday’s valuation and on Tuesday for Wednesday’s valuation, and unit prices are announced on Tuesdays and Thursdays. Redemption proceeds are paid before the end of the second business day following the approved valuation day.
Saudi Financial Institutions Equity Fund fund details
Saudi Financial Institutions Equity Fund is managed by SAB Invest. The asset manager oversees portfolio decisions and fund operations for Saudi Financial Institutions Equity Fund.
Saudi Financial Institutions Equity Fund is classified as a equity fund, which shapes its risk profile and investment universe.
Investors can identify Saudi Financial Institutions Equity Fund in market data using fund code SFI.
Saudi Financial Institutions Equity Fund reports assets under management of 29208731.
The minimum investment amount to participate in Saudi Financial Institutions Equity Fund is 5000 ريال.
Saudi Financial Institutions Equity Fund was launched on 7/22/1995, giving investors a track record to evaluate long-term performance.
Saudi Financial Institutions Equity Fund performance summary
Return over 1 week: -2.3807%. Return over 1 month: -4.9969%. Return over 3 months: +1.6764%. Return over 6 months: -3.9516%. Return over 1 year: -2.6718%. Return over since inception: -93.7137%.
Use this SNDUK fund page to review Saudi Financial Institutions Equity Fund returns, manager details, and strategy before investing.
SNDUK publishes Saudi Financial Institutions Equity Fund data to help investors compare investment funds in Saudi Arabia with transparent performance and fund information.
