The IIAB MENA Feeder Fund is a long-term, medium to high risk investment vehicle that invests in the IIAB Islamic MENA Fund (Master Fund). The IIAB Islamic MENA Fund is an open ended mutual fund that offers investors the opportunity to invest in the capital markets of the Middle East and North Africa region (MENA), with a particular focus on listed equities, whilst adhering to the sharia principles. The Fund aims to achieve an annual average net return in excess of 11% over a full investment cycle. The Fund aims to carry a lower volatility than that of the market, by dynamically rotating across asset classes, geographies and sectors, depending on market conditions.
IIAB MENA Feeder Fund
Latest Price NAV
USD
5.97
as of
31/Mar/23
Objective
Performance
3 Yrs Performance
3.85
5 Yrs Performance
1.26
10 Yrs Performance
0.10
Top Holdings
1.
Dubai Islamic Bank
9.66
%
2.
Saudi Airlines Catering
9.49
%
3.
Emaar Properties
9.32
%
4.
Siniora Food Industries
8.57
%
5.
Ooredoo
7.7
%
6.
Savola Group
6.24
%
7.
Palestine Telecommunication
5.28
%
8.
Hikma Pharmaceuticals PLC
4.12
%
9.
Herfy Food Services Co
2.39
%
10.
Arab Pesticide and Veterinar
2
%
Portfolio Composition
1.
United Arab Emirates
273
%
2.
Saudi Arabia
39.1
%
3.
Jordan
21
%
4.
Oman
6.3
%
5.
Qatar
3.7
%
6.
England
2.6
%
Transaction Information
Annual Charges
Minimum Charge :
N.A
Maximum Charge:
N.A
Actual Charge :
0.17
Initial Charges
Minimum Charge :
N.A
Maximum Charge :
N.A
Actual Charge :
2
Redemption Charges
Minimum Charge :
N.A
Maximum Charge:
N.A
Actual Charge :
N.A
Contact
Company Name:
Arab Bank Fund Managers
Website :
www.arabbank.co.uk