Jadwa GCC Equity Fund
If you’re interested in broadening your equity exposure to the Gulf region as a whole, the Jadwa GCC Equity Fund is an ideal vehicle. This Fund not only includes Shariah-compliant stocks in Saudi Arabia but also in markets throughout the GCC, including Abu Dhabi, Dubai and Doha. The Fund’s benchmark is Standard & Poor’s GCC Shariah Composite Index. Like our other regional equity funds, this Fund is denominated in Saudi riyals and requires a minimum investment of SAR50,000. The fast pace of liberalisation in Gulf markets makes the region an attractive investment.
| Fund Manager | Jadwa Investment PO Box 60677, Riyadh 11555 Saudi Arabia |
| Base Currency | Saudi Riyal |
| Currency Exposure | The Fund has exposure to all GCC currencies and changes in currency rates may have an adverse effect on the value and price of its units |
| Investment Fund Objective | To provide long-term capital growth by investing in GCC equity markets, in accordance with Shariah investment guidelines of the Fund Manager’s Shariah Committee. |
| Investment Strategies | The Fund invests its assets in a diversified portfolio comprised of Shariah-compliant companies listed on the GCC equity markets, using a multi-strategy approach. The Fund may also invest up to 25% of its assets in other approved Shariah-compliant investment funds. |
| Level of Risk | This is a high-risk Fund and its unit price may fall due to fluctuations in the prices of its underlying securities resulting in the investor getting back less than he invested. |
| Investment Suitability | Due to its risk level, the Fund may not be suitable for investors with a low-risk profile. Investors are recommended to seek advice from their investment advisors. |
| Benchmark | S&P GCC Shariah Composite Index |
| Minimum Initial Subscription | SAR 50,000 |
| Minimum additional Subscription and Redemption | SAR 25,000 |
| Cut-off time | 12 noon each Saturday and Monday. |
| Valuation Day | Every Sunday and Tuesday. |
| Announcement Day | The day following the Valuation day. |
| Payment Day of the Redeemed Amount | Four business days after the relevant Valuation day. |
| Subscription Fees | 3% deducted from each subscription. |
| Management Fees | 1.95% annually of the assets under management. |
| Dilution Charges (re-invested in the fund) | 1% of the value of units redeemed within 30 days of their purchase. |
| Unit Price and Day of Inception | SAR 100 on 30 June 2007 |