HSBC Saudi Petrochemical Equity Opportunities Fund – HSBC SAUDI ARABIA LIMITED


Current Unit Price (19/10/2014) 9.17
Change Since Previous close -1.96
Previous close (21/09/2014) 11.12
1 Year High (07/09/2014) 11.33
1 Year Low (29/10/2013) 7.82


Returns:

1 Month Return(%) -17.57

6 Month Return(%) -1.60

1 Year Return(%) 19.38

3 Year Return(%) 41.01
Currency: SAR Management Fee: 1.5%
Category: Stock Local Sub Category: -
Date of Inception: 11/12/2007 Price at Inception: 10
Classification: Income & 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: Daily Announced on: Sat.thru Wed.
Fund Assets: 173,000,000 Fund Benchmark: HSBC Saudi Petr. Eq Index

Fund Objective:
The Fund is an open-ended investment fund with the aim of achieving, over the medium to long term, capital growth by investing in a portfolio of Saudi petrochemical equities of companies listed on the Saudi Equity Market. The Fund's assets will be concentrated and actively managed in petrochemical companies aiming to achieve capital growth without a reference to a specific benchmark or weightings of petrochemical companies in the Saudi Equity Market. The Fund Manager may choose to invest excess cash of the Fund in short-term money market instruments. The Fund is an income accumulation fund whereby its income will be reinvested and not distributed to the unit holders. The reinvestment of the Fund's income will be reflected in the value and price of the units.

Investment Policy:
The Fund will follow an active investment strategy by investing in equities of Saudi petrochemical companies listed on the Saudi Equity Market. The Fund will adhere to the investment guidelines approved by the Board of Directors of the Fund. Depending on market conditions, the Manager may, with the approval of the Board, maintain part or all of the Fund's assets in the form of cash or short-term money market instruments.

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. The Petrochemical sector soared by 5.71% supported by the strong earnings of SABIC.


Sectors' Diversification
Petrochemical Industries 100%

Major Investments
Saudi Arabian Fertilizers Co. 8.67%
Saudi Basic Industries Corp. 64.39%
Yanbu National Petrochemicals Co. 5.58%
Saudi Kayan Petro Co. 5.40%
Rabigh Refining & Petrochemical Co. 5.16%

 


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
HSBC Amanah GCC Equity Income Fund Stock ARAB Shari'ah Compliant 15.87 15/10/2014 22.6%
Amanah Balanced Portfolio Balanced Local Shari'ah Compliant 16.65 15/10/2014 14.62%
Amanah Defensive Portfolio Balanced Local Shari'ah Compliant 14.08 15/10/2014 6.41%
Amanah Growth Portfolio Balanced Local Shari'ah Compliant 19.31 15/10/2014 21.84%
HSBC Amanah GCC Equity Fund Stock ARAB Shari'ah Compliant 18.58 15/10/2014 47.25%
Amanah Global Equity Index Fund Stock Intl Shari'ah Compliant 17.55 16/10/2014 10.21%
HSBC AMANAH CHINA & INDIA EQUITY FREESTYLE FUND Stock Intl - 21.01 16/10/2014 19.57%
HSBC Amanah Global Emaerging Markets Equity Fund Stock Intl Shari'ah Compliant 8.16 16/10/2014 -1.29%
Amanah Saudi Equity Fund Stock Local Shari'ah Compliant 34.57 15/10/2014 31.51%
Amanah Saudi Industrial Companies Fund Stock Local Shari'ah Compliant 12.2 15/10/2014 26%
HSBC Saudi Construction and Cement Stock Local - 10.82 19/10/2014 18.55%
HSBC Saudi Petrochemical Equity Opportunities Fund Stock Local - 9.17 19/10/2014 19.38%
Saudi Equity Fund Stock Local - 189.41 15/10/2014 47.24%
Saudi Equity Trading Fund Stock Local - 143.92 15/10/2014 34.6%
Al-Amanah Trading Fund USD Trade Finance Intl Shari'ah Compliant 14.23 19/10/2014 N/A
Al-Amanah Trading Fund SAR Trade Finance Local Shari'ah Compliant 14.93 19/10/2014 0.72%
Financial Institutions Fund Stock Local - 18.34 15/10/2014 23.35%
HSBC Amanah Saudi Freestyle Equity Fund Stock Local Shari'ah Compliant 25.63 15/10/2014 49.79%
HSBC Amanah Commodity Index Fund Money Market Intl Shari'ah Compliant 7.44 15/10/2014 -11.73%
HSBC Amanah Sukuk Fund Bonds Intl Shari'ah Compliant 10.19 14/10/2014 0.8%
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