Tadawul trading screen
Yaqeen S&P ESG MENA ETF began trading on the Main Market (TASI) today, Feb. 19, under the symbol 9409 and ISIN Code SA162G54J0L6.
This fund is a public, open-ended exchange-traded fund (ETF) that complies with Shariah standards. It aims to replicate the MSCI Index performance through passive management of a basket of stocks.
In May 2024, Yaqeen Capital launched the initial public offering (IPO) of Yaqeen S&P ESG MENA ETF on TASI.
|
Fund Profile |
|
|
Fund |
Yaqeen S&P ESG MENA ETF |
|
Manager & Operator |
Yaqeen Capital |
|
Fund Type |
Shariah-complaint, open-ended, public ETF |
|
Investment Goals |
Match index performance through passive stock management |
|
Currency |
SAR |
|
Unit Price |
SAR 10 |
|
Number of Units Offered |
1 mln |
|
Duration |
Open-ended |
|
Benchmark |
S&P Pan Arab Composite ESG Shariah Capped Index (USD) |
|
Subscription/Redemption Fees |
N/A |
|
Management Fees |
0.5% of the fund's net asset value annually, paid quarterly to the fund manager as dues |
The fund intends to invest 95% of its net assets in Shariah-complaint stocks across markets in Bahrain, Egypt, Jordan, Oman, Qatar, Saudi Arabia, Tunisia, and the UAE, as part of the benchmark index portfolio.
It will retain up to 5% of its net assets in cash to cover operating expenses.
The fund aims to track the index's performance with a maximum annual deviation of 2%, considering factors like income and expenses. However, there is no guarantee that the fund manager will perfectly match the index’s performance.
|
Investment Areas |
||
|
Investment type |
Minimum |
Maximum |
|
Shariah-compliant, MENA-listed equity |
95% |
100% |
|
Cash |
-- |
5% |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}