HSBC Saudi 20 ETF to compensate unit holders for unit mispricing

09/04/2019 Argaam

HSBC Saudi 20 ETF units were mispriced on April 4 and 7, 2019, HSBC Saudi Arabia said in a bourse statement on Tuesday.

 

On April 4, the fund units were mispriced at 6.9 percent each.

 

Following the correction, total assets stood at SAR 10.14 million, with units priced at SAR 36.21 each.

 

On April 7, the fund units were mispriced at 6.91 percent each.

 

Following the correction, total assets stood at SAR 10.07 million, with units priced at SAR 35.99 each.

 

All unit holders – including the previous ones - will be promptly compensated for mispricing, the statement added.

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