HSBC Amanah GCC Equity Fund – HSBC SAUDI ARABIA LIMITED


Current Unit Price (21/07/2014) 17.45
Change Since Previous close -0.03
Previous close (14/07/2014) 17.48
1 Year High (14/07/2014) 17.48
1 Year Low (09/09/2013) 12.06


Returns:

1 Month Return(%) 1.02

6 Month Return(%) 24.01

1 Year Return(%) 44.72

3 Year Return(%) 130.02
Currency: SAR Management Fee: 2%
Category: Stock ARAB Sub Category: Shari'ah Compliant
Date of Inception: 02/04/2006 Price at Inception: 10
Classification: Growth Minimum Initial subscription: 5,000
Additional Subscription: 2,500 Portfolio Type: Open Ended
Listing/Registration: Kingdom of Saudi Arabia Risk: High
Subscription deadline: - Redemption deadline: -
Valuation Date: Bi-Weekly Announced on: Sat. & Tue.
Fund Assets: 64,000,000 Fund Benchmark: GCC Equity Indexes

Fund Objective:
To provide long-term capital growth by investing in the GCC equity markets.

Investment Policy:
The Fund invests in shares of publicly quoted companies listed on various GCC equity markets.

Fund Manager's Comments:
The GCC markets continued their positive momentum into April with the S&P GCC Shariah index rising 4.4% for the month. This follows a strong positive performance in March, and has resulted in the GCC markets reversing their earlier Jan-Feb losses to close in positive erritory on a year to date basis. With the exception of Bahrain, all the GCC markets closed the month in black, with Kuwait (market cap weighted) being the best performing market, followed by Dubai/Abu Dhabi and Oman. First quarter earnings across the region were generally healthy with Petrochemical sector announcing very strong results on the back of robust petrochemical prices. Banks across the region were mixed with Al-Rajhi reporting flat earnings, while Islamic banks in Qatar reporting growth on a YoY basis albeit with mixed balance sheet trends. Post earnings season, potential inclusion of Qatar and UAE into the MSCI EM index, with Saudi possibly allowing direct access to foreign investors to be potential catalysts. Recent correction in oil prices in our view may not dampen sentiment, as around US$100 price per barrel remains very comfortable for government finances, while possibly putting some pressure on petrochemical prices. With two straight months of strong gains, the markets may take a breather but our outlook remains positive on GCC markets.


Geographic diversification
Saudi Arabia 57.5%
Qatar 26.1%
Oman 7.1%
United Arab Emirates 5.9%
Kuwait 2.9%
Cash 0.4%
Bahrain 0.1%

Major Investments
Al Rajhi Bank 8.76%
Qatar Islamic Bank 8.63%
Industries Qatar Co. 8.32%
Qatar International Islamic Bank 7.43%
Saudi Arabian Mining Co. 4.93%
Saudi Arabian Fertilizers Co. 4.41%
Emaar Properties Co. 3.65%
Etihad Etisalat 3.59%
Oman Qatari Telecommunications Co. (NAWRAS) 2.91%
Saudi Basic Industries Corp. 14.92%

 

Administrator: HSBC SAUDI ARABIA LIMITED
Management Team: HSBC SAUDI ARABIA LIMITED

Fund Manager's Contact Information:
City: Riyadh Website: www.hsbcsaudi.com
Address: HSBC Building - 3rd Floor ,North Olaya Street - Al Morooj Area Email: [email protected]
P.O. Box: 9084 Telex: -
Postal Code: 11413 Telephone: 0096612992355
Fax: 0096612992373 Mobile: -
Note: All funds facts are updated continuously, however, it's strongly recommended to revert to the respective fund manager for the latest information before making any investment decision.

Mutual Funds (Funds managed under HSBC SAUDI ARABIA LIMITED )

Fund Name Category Sub Category Last Unit Price Valuation Date One year change
Amanah Balanced Portfolio Balanced Local Shari'ah Compliant 16.53 21/07/2014 16.79%
Amanah Defensive Portfolio Balanced Local Shari'ah Compliant 14.1 21/07/2014 7.58%
Amanah Growth Portfolio Balanced Local Shari'ah Compliant 19.13 21/07/2014 25%
HSBC Amanah GCC Equity Fund Stock ARAB Shari'ah Compliant 17.45 21/07/2014 44.72%
Amanah Global Equity Index Fund Stock Intl Shari'ah Compliant 18.62 22/07/2014 18.35%
HSBC AMANAH CHINA & INDIA EQUITY FREESTYLE FUND Stock Intl - 21.01 21/07/2014 28.2%
HSBC Amanah Global Emaerging Markets Equity Fund Stock Intl Shari'ah Compliant 8.83 22/07/2014 14.05%
Amanah Saudi Equity Fund Stock Local Shari'ah Compliant 33.9 21/07/2014 35.59%
Amanah Saudi Industrial Companies Fund Stock Local Shari'ah Compliant 12.26 21/07/2014 32.2%
HSBC Saudi Construction and Cement Stock Local - 11.19 22/07/2014 25.76%
HSBC Saudi Petrochemical Equity Opportunities Fund Stock Local - 10.33 22/07/2014 40.63%
Saudi Equity Fund Stock Local - 179.69 21/07/2014 48.49%
Saudi Equity Trading Fund Stock Local - 141.76 21/07/2014 39.56%
Al-Amanah Trading Fund USD Trade Finance Intl Shari'ah Compliant 14.23 22/07/2014 N/A
Al-Amanah Trading Fund SAR Trade Finance Local Shari'ah Compliant 14.91 22/07/2014 0.77%
Financial Institutions Fund Stock Local - 17.46 21/07/2014 23.77%
HSBC Amanah Saudi Freestyle Equity Fund Stock Local Shari'ah Compliant 24.13 21/07/2014 47.85%
HSBC Amanah Commodity Index Fund Money Market Intl Shari'ah Compliant 8.33 16/07/2014 -1.88%
HSBC Amanah Sukuk Fund Bonds Intl Shari'ah Compliant 10.22 22/07/2014 0.9%
HSBC Amanah GCC Equity Income Fund Stock ARAB Shari'ah Compliant 15.9 21/07/2014 24.47%
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