MEFIC IPO Fund â June 2017
MEFIC IPO Fund – June 2017 Performance Review
Fund Background 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 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
Fund Allocation Consr Durables & Apparel, 0.9
Open End High MEFIC Capital BDO Dr.Mohammad Amri MEFIC S&P IPO Index TADAWUL Monday & Thursday Tuesday & Sunday SAR 72.4MN SAR 10,000 SAR 5,000 SAR 5,000 1.75% per annum 1.50% 0.5% per annum 2%(Redeem in a month)
The Saudi Stock Market Index (TASI) achieved positive returns of 8.07% to close by the end of June at 7,425.72. Average daily turnover rose to 3.38 billion riyals, up 25 percent from the previous month's average. The main sectors that achieved positive performance were Food and Beverages (16.2%), Banks (12.9%) and Utilities (11.2%). On the other hand, the real estate funds sector and the media declined by (6.18%) and (3.6%), respectively. On the corporate level: Most of the large cap companies in the market topped the list during June, in line with the decision to add the Saudi market to MSCI's watch list.
Performance Performance
1M
3M
YTD
1Y
Since Inception
Fund
0.5%
-3.0%
-6.2%
-0.3%
27.3%
MEFIC S&P IPO index
1.6%
-3.2%
-9.9%
-37.3%
-41.9%
TASI
8.1%
6.1%
3.0%
14.2%
-24.3%
Fund Performance Information Ratio
1.50
Beta
0.64
Alpha
69.2%
Fund Performance
MEFIC IPO Fund Return Against
60% 40% 20%
Capital Goods, Banks, 3.2 Real Estate , 0.7 5.8 Comm & Profes Svc, 5.9 Transportatio n, 8.7
Health Care Eq & Svc, 23.8 Cash, 15.2
-20% -40% -60%
MEFIC IPO FUND
TASI
S&P IPO BENCHMARK
May-17
Retailing, 12.1
Mar-17
Jan-17
Nov-16
Sep-16
Jul-16
May-16
Mar-16
Jan-16
Nov-15
Sep-15
Jul-15
May-15
Mar-15
Jan-15
Nov-14
Sep-14
Jul-14
May-14
Consumer Services, 13.4
Materials, 11.7
0%
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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Fund Background 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 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
Fund Allocation Consr Durables & Apparel, 0.9
Open End High MEFIC Capital BDO Dr.Mohammad Amri MEFIC S&P IPO Index TADAWUL Monday & Thursday Tuesday & Sunday SAR 72.4MN SAR 10,000 SAR 5,000 SAR 5,000 1.75% per annum 1.50% 0.5% per annum 2%(Redeem in a month)
The Saudi Stock Market Index (TASI) achieved positive returns of 8.07% to close by the end of June at 7,425.72. Average daily turnover rose to 3.38 billion riyals, up 25 percent from the previous month's average. The main sectors that achieved positive performance were Food and Beverages (16.2%), Banks (12.9%) and Utilities (11.2%). On the other hand, the real estate funds sector and the media declined by (6.18%) and (3.6%), respectively. On the corporate level: Most of the large cap companies in the market topped the list during June, in line with the decision to add the Saudi market to MSCI's watch list.
Performance Performance
1M
3M
YTD
1Y
Since Inception
Fund
0.5%
-3.0%
-6.2%
-0.3%
27.3%
MEFIC S&P IPO index
1.6%
-3.2%
-9.9%
-37.3%
-41.9%
TASI
8.1%
6.1%
3.0%
14.2%
-24.3%
Fund Performance Information Ratio
1.50
Beta
0.64
Alpha
69.2%
Fund Performance
MEFIC IPO Fund Return Against
60% 40% 20%
Capital Goods, Banks, 3.2 Real Estate , 0.7 5.8 Comm & Profes Svc, 5.9 Transportatio n, 8.7
Health Care Eq & Svc, 23.8 Cash, 15.2
-20% -40% -60%
MEFIC IPO FUND
TASI
S&P IPO BENCHMARK
May-17
Retailing, 12.1
Mar-17
Jan-17
Nov-16
Sep-16
Jul-16
May-16
Mar-16
Jan-16
Nov-15
Sep-15
Jul-15
May-15
Mar-15
Jan-15
Nov-14
Sep-14
Jul-14
May-14
Consumer Services, 13.4
Materials, 11.7
0%
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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