How did Albilad MSCI US Tech ETF fare in H1 2023?

13/07/2023 Argaam Special
Logo of Albilad MSCI US Tech Fund

Logo of Albilad MSCI US Tech Fund

Albilad MSCI US Tech ETF highlighted its performance during the first half of 2023, with a return of 31.74% during the six-month period.

 

Fund Performance in H1 2023

Launch Date

Jan. 23, 2023

Fund Volume

 SAR 22.6 mln

Return for H1 2023

31.74%
 
According to its prospectus, the fund indicated that its investments were focused on Microsoft, with a weight of 19.89%, followed by Nvidia (10.82%) and Tesla (7.46%), as follows:
 

Fund's Top 10 Investments by H1 2023-End

Company

Company Weight

Microsoft

19.89%

Nvidia

10.82%

Tesla

7.46%

Johnson & Johnson

3.74%

Thermo Fisher

3.57%

Abbott Laboratories

2.78%

Adobe

2.39%

Accenture

2.07%

Danaher

2.02%

Intel

1.95%
 
The fund was launched early this year at SAR 10 per unit. The unit price reached SAR 13.17 by the end of June.

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