Why are we launching this Fund now, under the current market conditions?
We are launching this fund now because we think that the GCC economic fundamentals are relatively strong and it will continue to be resilient for the long run. Additionally, the current market conditions have created many opportunities in most sectors of the market, especially in companies that have a good track record in the distribution of dividends.
What is the difference between this Fund and the AlAhli GCC Trading Equity Fund?
The AlAhli GCC Trading and Equity Fund's investment strategy is to seek capital growth by focusing on companies that have long-term growth prospects. The AlAhli GCC Growth and Income Fund will invest in companies that have similar prospects but that also have a sound track record of paying dividends to shareholders.
Is this a capital guaranteed fund?
No, this fund is NOT a capital guaranteed fund.
Who is the Fund Manager and why is it to be trusted?
NCB Capital, one of the world's largest Shariah-compliant mutual fund managers with a very successful track record, is managing this fund. AlAhli GCC Growth and Income Fund is managed professionally, using a fund strategy that involves:
A disciplined investment approach
An active stock selection approach
Investment in solid companies with dividend-paying track records and potential growth that allows room for capital appreciation
Risk mitigation by diversifying across countries, sectors, and stocks.
Is this a Shariah compliant fund?
Yes, this is a Shariah compliant fund.
What kind of risks am I taking by investing in this fund?
In general, investors will be exposed to stock market risks that are higher than those associated with other money market instruments, although it is important for the investor to keep in mind that higher risk is always associated with an expectation of higher return. In addition, diversification of the investment portfolio and long-term investing has proven to help in reducing such risks.
What kind of returns should I expect from this fund?
In general, investors in this fund should expect capital returns equal to or higher than the overall underlying equity markets' returns. In addition, investors in this fund should expect to receive a semi-annual income distribution that should enhance the total return.
What is the subscription period of this fund?
This is an open-ended fund and therefore subscription will be open at any given point in time.
When can I redeem my capital?
You will be able to subscribe and/or redeem your capital daily, although the transaction will be based on the closest valuation date, which will be twice a week (every Monday and Wednesday).
How much of my portfolio should this fund represent?
As always, we advise our clients to have a balanced investment portfolio that meets their financial objectives. Such a portfolio must have a balanced allocation to cash, money market, bonds, and equities. It is not recommended to place all your capital in a single asset class or fund.
What is the minimum subscription amount?
The minimum subscription to this fund is SR 5,000.
What do you mean by "long-term investment"?
In order to reduce risk and increase returns, investors should invest for a period of five or more years in order to avoid short-term volatility.
How do I invest in this fund?
If you are an existing NCB Capital client and have invested in the past in AlAhli funds, you may subscribe to the fund either by visiting…
Our transactional website www.alahlionline.com or
One of our NCB Capital Offices
Any NCB branch
If you are a new client, who has never invested in an AlAhli fund before, you are kindly requested to open an investment account with NCB Capital at any NCB branch.
Tip for investors
Investors are advised to always consult their financial advisors in order to structure a portfolio that meets their investment objectives based on their risk tolerance and liquidity needs. It is generally not recommended to place all your savings in a single asset class or fund.
For more details about this Fund please refer to the Fund's Terms and Conditions.