About SNB Capital Asia Pacific Index Fund
SNB Capital Asia Pacific Index Fund is an investment fund profile on SNDUK. This page explains SNB Capital Asia Pacific Index Fund performance, key fund facts, and investment strategy for investors comparing funds in Saudi Arabia.
SNB Capital Asia Pacific Index Fund is managed by SNB Capital. Fund type: equity. Fund code: SAP. Assets under management: 123568882. Minimum investment: 2000 دولار. Inception date: 5/25/2000.
SNB Capital Asia Pacific Index Fund (SNB Capital Asia Pacific Index Fund) is an open-ended public investment index fund that is Shariah-compliant, managed by SNB Capital, and aims to achieve long-term capital growth by tracking the performance of the MSCI Pacific Islamic M-Series (Net Total Return USD).
The Fund primarily invests in the shares of large and mid-cap companies listed in Asia Pacific markets, while adhering to the Shariah guidelines approved by the Fund’s Shariah Committee. Listed equities must represent between 90% and 100% of the Fund’s net asset value, while investments in cash, Murabaha transactions, and money market funds may range from 0% to 10%. Separately, the Fund may invest up to 10% in investment funds that follow the same strategy and index.
The Fund is managed under a passive management strategy linked to the index, aiming to replicate its performance by investing all or most of the Fund’s assets in the securities included in the index, either by investing in each security with a weight approximately equal to its weight in the index or by using a representative sample. The Fund Manager has appointed AMUNDI GROUP to act as the Sub-Fund Manager to manage the Fund’s assets in accordance with the investment policies and Shariah guidelines.
SNB Capital Asia Pacific Index Fund is classified as a high-risk fund. Dealing in the Fund, including subscriptions and redemptions, takes place from Monday to Thursday, provided that the day is a business day in Saudi Arabia, the United States, the Sub-Fund Manager, and the markets in which the Fund has material investments. Subscription and redemption requests must be submitted on or before 12:30 PM Saudi time on the business day preceding the dealing day. If the request is submitted after this time, the transaction will be executed on the second dealing day.
SNB Capital Asia Pacific Index Fund fund details
SNB Capital Asia Pacific Index Fund is managed by SNB Capital. The asset manager oversees portfolio decisions and fund operations for SNB Capital Asia Pacific Index Fund.
SNB Capital Asia Pacific Index Fund is classified as a equity fund, which shapes its risk profile and investment universe.
Investors can identify SNB Capital Asia Pacific Index Fund in market data using fund code SAP.
SNB Capital Asia Pacific Index Fund reports assets under management of 123568882.
The minimum investment amount to participate in SNB Capital Asia Pacific Index Fund is 2000 دولار.
SNB Capital Asia Pacific Index Fund was launched on 5/25/2000, giving investors a track record to evaluate long-term performance.
SNB Capital Asia Pacific Index Fund performance summary
Return over 1 week: -3.3617%. Return over 1 month: +4.9401%. Return over 3 months: +5.046%. Return over 6 months: +4.1135%. Return over 1 year: +21.4261%. Return over since inception: +304.2887%.
Use this SNDUK fund page to review SNB Capital Asia Pacific Index Fund returns, manager details, and strategy before investing.
SNDUK publishes SNB Capital Asia Pacific Index Fund data to help investors compare investment funds in Saudi Arabia with transparent performance and fund information.
