About SNB Capital International Trade Fund
SNB Capital International Trade Fund is an investment fund profile on SNDUK. This page explains SNB Capital International Trade Fund performance, key fund facts, and investment strategy for investors comparing funds in Saudi Arabia.
SNB Capital International Trade Fund is managed by SNB Capital. Fund type: money_market. Fund code: SIT. Assets under management: 235785412. Minimum investment: 2000 دولار. Inception date: 3/2/1987.
SNB Capital International Trade Fund is a specialized open-ended public Money Market Fund compliant with Shariah guidelines that aims to preserve and grow capital and provide liquidity upon the Investor’s request, primarily through investments in Money Market transactions and short-term financial instruments compliant with Shariah guidelines.
SNB Capital International Trade Fund targets investors seeking a relatively low-risk investment vehicle for managing liquidity and growing capital, with exposure to short-term investments in global markets and with the US dollar as its base currency. The Fund commenced its activities in March 1987, making it one of the oldest investment funds in the Saudi market, with a long operating track record in managing short-term investments.
The Fund primarily invests in Money Market transactions and short-term financial instruments compliant with Shariah guidelines, including Murabaha, Wakala, Mudaraba, Musharaka, and Fixed Income Instruments, Shariah alternatives to Swaps, Repurchase Agreements and Reverse Repurchase Agreements, and Asset-Backed Securities. It may also invest in Sukuk, financial certificates, and investment funds compliant with Shariah guidelines, locally and globally.
Up to 20% of the Fund’s assets may be invested in other investment funds compliant with Shariah guidelines, provided that the investment in the units of any single fund does not exceed 10% of the Fund’s net assets, and the Fund’s ownership of units in any investee fund does not exceed 10% of its net asset value. In addition, the Fund’s dealings with any single counterparty may not exceed 25% of its net asset value.
The Fund has been approved as an investment fund compliant with Shariah guidelines. The Shariah Committee reviews the Fund’s documents and guidelines and oversees its compliance with them, with a quarterly review conducted. If any investment is found to be non-compliant with Shariah guidelines, it will be sold within a period not exceeding 90 days from the date of the review.
SNB Capital International Trade Fund fund details
SNB Capital International Trade Fund is managed by SNB Capital. The asset manager oversees portfolio decisions and fund operations for SNB Capital International Trade Fund.
SNB Capital International Trade Fund is classified as a money_market fund, which shapes its risk profile and investment universe.
Investors can identify SNB Capital International Trade Fund in market data using fund code SIT.
SNB Capital International Trade Fund reports assets under management of 235785412.
The minimum investment amount to participate in SNB Capital International Trade Fund is 2000 دولار.
SNB Capital International Trade Fund was launched on 3/2/1987, giving investors a track record to evaluate long-term performance.
SNB Capital International Trade Fund performance summary
Return over 1 week: +0.079%. Return over 1 month: +0.335%. Return over 3 months: +1.0149%. Return over 6 months: +1.9527%. Return over 1 year: +4.1278%. Return over since inception: +49.4037%.
Use this SNDUK fund page to review SNB Capital International Trade Fund returns, manager details, and strategy before investing.
SNDUK publishes SNB Capital International Trade Fund data to help investors compare investment funds in Saudi Arabia with transparent performance and fund information.
