MEFIC IPO Fund â June 2016
MEFIC IPO Fund – June 2016 Fund Background
Performance Review At the end of 30th June 2016, TASI closed at 6499 level, an increase of 1% MoM on the back of NTP announcement by the Government. However, the increase was at low volumes due to seasonal impact of Ramadan . During the month the market remained volatile as the oil prices fluctuated due to concerns surrounding Brexit vote. Subsequently, oil prices recovered on expected monetary easing and as concerns about Brexit look to be confined to the UK and Europe .The fund continues to outperform the market on since inception basis with an alpha of +66% . During the year, the fund participated in four IPOs namely: Al Andalus Property , Saudi German ,Yamamah Steel and Lazurde .
19th
MEFIC Capital launched MEFIC IPO Fund on May 2014. MEFIC IPO Fund is an open end Shariah compliant mutual fund which can invest in IPOs, Small & Medium Cap Companies and the companies which are listed in the last five years.
Fund Facts
Performance
Fund Type Risk Level Custodian Auditors Benchmark Listing Valuation Days Announcement Days Fund Assets Min Initial Investment Min Add Investment Min Redemp. Amount Management Fees Subscription Fees Other Fees Early Red. Charges
Open End High MEFIC Capital KPMG MEFIC S&P IPO Index TADAWUL Monday & Thursday Tuesday & Sunday SAR 103.6 MN SAR 10,000 SAR 5,000 SAR 5,000 1.75% per annum 1.50% 0.5% per annum 2%(Redeem in a month)
Hotel & Fund Allocation Tourism, 4% Insurance, 4% Petrochem icals, 5%
Fund
1%
11%
28%
MEFIC S&P IPO index
3%
-4%
-39%
TASI
1%
4%
-34%
Information Ratio
0.16
Beta
0.62
Alpha
66%
Fund Performance MEFIC IPO Fund return since inception against TASI 60% 40%
0% -20%
44% 46% 43% 34% 32% 30% 30% 23% 25% 23% 22% 22% 22% 21% 20% 13% 10% 3% 4% 2% 0% -1% 0% -3% -5% -9% -7% -7% -8% -9% 0% 11%11% -15% 4% 3% -23% -24% 1% -2% -2% -3% -7% -9% -9% -12%-9% -7%-11% -27% 36%34%
18% 8%
-26%
7%
26%
-38% -37%
-31% -34% -35%
-32% -44% -45%-43%
-60%
-39% -36%-36%-39%
8/28/2014
8/21/2014
8/14/2014
8/7/2014
MEFIC S&P IPO Index
7/31/2014
7/24/2014
7/17/2014
7/10/2014
MEFIC IPO Fund
7/3/2014
6/26/2014
6/19/2014
6/12/2014 TASI
28%
23% 15%
-30% -40%
-27% -26% -28% -28%
-40% 6/5/2014
Retail , 20%
Since Inception
5/29/2014
Transporta tion, 9%
3M
Fund Performance
20%
Cash & Other Funds, 49%
1M
5/22/2014
Agriculture & Food, 9%
Cement, 1%
Performance
Contact Information
MEFIC Website
www.mefic.com.sa
Tadawul
www.Tadawul.com.sa 7758, 1st Floor Al Mada Building, King Fahad Road, Riyadh, Saudi Arabia
Address Phone
00966 11 218 6666
Email
[email protected]
Disclaimer All investments in Mutual Funds are subject to market risks. The NAV of the fund units may go up or down based on the market conditions. Past performance is not necessarily indicative of future results. The investors are advised in their own interest to carefully read the Terms & Conditions of the fund in particular the risk disclosures and warning statements mentioned therein.
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Performance Review At the end of 30th June 2016, TASI closed at 6499 level, an increase of 1% MoM on the back of NTP announcement by the Government. However, the increase was at low volumes due to seasonal impact of Ramadan . During the month the market remained volatile as the oil prices fluctuated due to concerns surrounding Brexit vote. Subsequently, oil prices recovered on expected monetary easing and as concerns about Brexit look to be confined to the UK and Europe .The fund continues to outperform the market on since inception basis with an alpha of +66% . During the year, the fund participated in four IPOs namely: Al Andalus Property , Saudi German ,Yamamah Steel and Lazurde .
19th
MEFIC Capital launched MEFIC IPO Fund on May 2014. MEFIC IPO Fund is an open end Shariah compliant mutual fund which can invest in IPOs, Small & Medium Cap Companies and the companies which are listed in the last five years.
Fund Facts
Performance
Fund Type Risk Level Custodian Auditors Benchmark Listing Valuation Days Announcement Days Fund Assets Min Initial Investment Min Add Investment Min Redemp. Amount Management Fees Subscription Fees Other Fees Early Red. Charges
Open End High MEFIC Capital KPMG MEFIC S&P IPO Index TADAWUL Monday & Thursday Tuesday & Sunday SAR 103.6 MN SAR 10,000 SAR 5,000 SAR 5,000 1.75% per annum 1.50% 0.5% per annum 2%(Redeem in a month)
Hotel & Fund Allocation Tourism, 4% Insurance, 4% Petrochem icals, 5%
Fund
1%
11%
28%
MEFIC S&P IPO index
3%
-4%
-39%
TASI
1%
4%
-34%
Information Ratio
0.16
Beta
0.62
Alpha
66%
Fund Performance MEFIC IPO Fund return since inception against TASI 60% 40%
0% -20%
44% 46% 43% 34% 32% 30% 30% 23% 25% 23% 22% 22% 22% 21% 20% 13% 10% 3% 4% 2% 0% -1% 0% -3% -5% -9% -7% -7% -8% -9% 0% 11%11% -15% 4% 3% -23% -24% 1% -2% -2% -3% -7% -9% -9% -12%-9% -7%-11% -27% 36%34%
18% 8%
-26%
7%
26%
-38% -37%
-31% -34% -35%
-32% -44% -45%-43%
-60%
-39% -36%-36%-39%
8/28/2014
8/21/2014
8/14/2014
8/7/2014
MEFIC S&P IPO Index
7/31/2014
7/24/2014
7/17/2014
7/10/2014
MEFIC IPO Fund
7/3/2014
6/26/2014
6/19/2014
6/12/2014 TASI
28%
23% 15%
-30% -40%
-27% -26% -28% -28%
-40% 6/5/2014
Retail , 20%
Since Inception
5/29/2014
Transporta tion, 9%
3M
Fund Performance
20%
Cash & Other Funds, 49%
1M
5/22/2014
Agriculture & Food, 9%
Cement, 1%
Performance
Contact Information
MEFIC Website
www.mefic.com.sa
Tadawul
www.Tadawul.com.sa 7758, 1st Floor Al Mada Building, King Fahad Road, Riyadh, Saudi Arabia
Address Phone
00966 11 218 6666
[email protected]
Disclaimer All investments in Mutual Funds are subject to market risks. The NAV of the fund units may go up or down based on the market conditions. Past performance is not necessarily indicative of future results. The investors are advised in their own interest to carefully read the Terms & Conditions of the fund in particular the risk disclosures and warning statements mentioned therein.
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