Financial Institutions Fund – HSBC SAUDI ARABIA LIMITED


Current Unit Price (17/09/2014) 20.79
Change Since Previous close 0.26
Previous close (15/09/2014) 20.53
1 Year High (01/09/2014) 21.39
1 Year Low (30/10/2013) 14.37


Returns:

1 Month Return(%) 6.55

6 Month Return(%) 21.09

1 Year Return(%) 39.40

3 Year Return(%) 79.89
Currency: SAR Management Fee: 1.5%
Category: Stock Local Sub Category: -
Date of Inception: 10/08/2004 Price at Inception: 10
Classification: Growth Minimum Initial subscription: 5,000
Additional Subscription: 2,500 Portfolio Type: -
Listing/Registration: Kingdom of Saudi Arabia Risk: High
Subscription deadline: - Redemption deadline: -
Valuation Date: Bi-Weekly Announced on: Sat. & Tue.
Fund Assets: 113,000,000 Fund Benchmark: Tadawul index Ex. Banks

Fund Objective:
To provide medium to long-term equity linked growth by investing in the shares of Saudi Arabian and other GCC Financial Institutions.

Investment Policy:
The Fund will invest in the shares of Saudi publicly quoted Financial Institutions and will try to take also seek opportunities that arise from the investment in publicly quoted GCC Financial Institutions.

Fund Manager's Comments:
TASI has sustained its gains for the second month in a row, and close at 6,710.56 points, which is 2.25% higher than the previous month. Thus, Market performance YTD has recorded 1.36% positive return. The strong and healthy first quarter results of 2011 for the Saudi banks, petrochemical and retail companies' earnings along with the steadiness of oil prices above the USD 100/barrel level, have led to the upward performance in TASI during this month. Banking sector declined by 1.57% compared to the previous month due to lock-in profit process from retail investors in spite of the strong earnings of Saudi Banks.


Sectors' Diversification
Banks & Financial Services 99.5%
Cash 0.5%

Major Investments
Arab National Bank 9.86%
Al Rajhi Bank 36.43%
Samba Financial Group 15.53%
Riyad Bank 11.45%
Banque Saudi Fransi 10.62%

 

Administrator: The Saudi British Bank

Fund Manager's Contact Information:
City: Riyadh Website: www.hsbcsaudi.com
Address: 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 17.36 17/09/2014 19.36%
Amanah Defensive Portfolio Balanced Local Shari'ah Compliant 14.39 17/09/2014 8.62%
Amanah Growth Portfolio Balanced Local Shari'ah Compliant 20.75 17/09/2014 30.03%
HSBC Amanah GCC Equity Fund Stock ARAB Shari'ah Compliant 20.33 17/09/2014 59.31%
Amanah Global Equity Index Fund Stock Intl Shari'ah Compliant 18.77 18/09/2014 17.1%
HSBC AMANAH CHINA & INDIA EQUITY FREESTYLE FUND Stock Intl - 22.44 18/09/2014 29.27%
HSBC Amanah Global Emaerging Markets Equity Fund Stock Intl Shari'ah Compliant 8.7 18/09/2014 6.71%
Amanah Saudi Equity Fund Stock Local Shari'ah Compliant 38.88 17/09/2014 45.54%
Amanah Saudi Industrial Companies Fund Stock Local Shari'ah Compliant 13.79 17/09/2014 41.75%
HSBC Saudi Construction and Cement Stock Local - 12.17 21/09/2014 30.23%
HSBC Saudi Petrochemical Equity Opportunities Fund Stock Local - 11.12 21/09/2014 45.88%
Saudi Equity Fund Stock Local - 210.52 17/09/2014 64.06%
Saudi Equity Trading Fund Stock Local - 161.63 17/09/2014 49.24%
Al-Amanah Trading Fund USD Trade Finance Intl Shari'ah Compliant 14.23 21/09/2014 N/A
Al-Amanah Trading Fund SAR Trade Finance Local Shari'ah Compliant 14.92 21/09/2014 0.75%
Financial Institutions Fund Stock Local - 20.79 17/09/2014 39.4%
HSBC Amanah Saudi Freestyle Equity Fund Stock Local Shari'ah Compliant 28.33 17/09/2014 63.18%
HSBC Amanah Commodity Index Fund Money Market Intl Shari'ah Compliant 7.81 17/09/2014 -8.42%
HSBC Amanah Sukuk Fund Bonds Intl Shari'ah Compliant 10.24 16/09/2014 1.63%
HSBC Amanah GCC Equity Income Fund Stock ARAB Shari'ah Compliant 17.69 17/09/2014 32.02%
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