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SNB Capital Emerging Markets Index Fund

Part of our Equity Funds / Index Funds category

Essential Equity Fund Resources

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Objective

SNB Capital Emerging Markets Index Fund

AlAhli Emerging Markets Index Fund is an open-ended investment fund which aims to achieve capital growth over the long term. The Fund seeks to replicate as closely as possible, before expenses, the performance of the MSCI EM Islamic M-Series (Net Total Return USD).

Principal Investment Strategies

Currency US Dollars
Risk Category High Risk
Index MSCI North America Islamic M-Series Index (Net Total Return USD)
Fund Objective Long term capital growth
Minimum Investment USD 2,000
Minimum Subsequent Subscription USD 1,000
Minimum Subsequent Subscription through Regular Investment Scheme (RIS)or alternative distribution channel USD 26.67(SAR 100)
Minimum Redemption USD 1,000
Valuation Days Monday to Friday that are USA Business Days
Dealing Day Monday to Thursday that are Saudi Business Days and U.S. Business Days
Subscription/ Redemption Days Every Dealing Day
Subscription/Redemption Request cut off time Before or at 12:30 PM local time in Saudi Arabia on the Dealing Day
Subscription Fee Up to 2%
Management Fee 0.30%
Redemption Proceeds Made available to Investor within four Business Days provided that they are Business Days in US and in Saudi Arabia after the Dealing Day on which the redemption has been executed.
Other expenses The Fund Manager will charge the Fund any additional expenses related to custody, Shariah audit, data processing and other similar charges. However, other expenses are not expected to exceed 0.50% from the Fund’s NAV
Offer Date March 1999
Initial Unit Price 1 USD

 

Key Details & Insights

Currency
US Dollars
Risk Category
High Risk
Index
MSCI EM Islamic M-Series (Net Total Return USD)
Fund Objective
Long Term Capital Growth

Principal Risks of Investing in the Fund

The Fund is of high risk level and no assurance may be given by NCB Capital that any appreciation in the value of the Fund’s investments will occur. The value of the Fund’s underlying investments and the income derived from them may go down. No assurance may be given by NCB Capital that investment objectives of the Fund will actually be achieved. Moreover, past performance of the Fund, if any, is not an indication of any future growth of rates of return.
 

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SNB Capital is a Saudi Joint Stock Company with a paid up capital of SR1,000 million and is authorised by the Capital Market Authority of the Kingdom of Saudi Arabia with a license number 37-06046 granted by Capital Market Authority to carry out dealing, as principal and agent, and underwriting, managing, arranging, advising and custody, with respect to securities. SNB Capital Company, CR1010231474, the registered office is at King Saud Road, Regional Building P.O. Box 22216, 11495 Riyadh, Kingdom of Saudi Arabia. +966 11 874 7106

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