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ADCB Islamic GCC Equity-X (ADCBISX.IF)

NAV 10.840USD 0.028-0.260%
Also known as: ADCB Is GCC Eq X|Shariah Compliant|As of 08 Aug 2019

Fund Facts

StatusActive
Asset Type Equity
Geographic FocusGCC
DomicileLuxembourg
Lipper GlobalEquity GCC (Gulf Coop Cncl)
StructureLU - SICAV - Part 1
Inception DateMay 2016
CurrencyUSD
Fund Size3,654,326 USD
NAV FrequencyPricing Daily, Sun-Thu
Administrator Deutsche Bank Luxembourg SA
Sponsor Novacap AM
Fund Manager Novacap Asset Management S.A.
Investment Advisor Abu Dhabi Commercial Bank PJSC

Fund Returns

1 Month-3.573%
3 Months-6.534%
YTD*8.204%
1 YearGet Lipper
3 YearsGet Lipper
5 YearsGet Lipper
Since InceptionGet Lipper

Ratios

Beta0.720
Alpha-0.437
Sharpe Ratio0.015
Information RatioGet Lipper
Annusalised Standard DeviationGet Lipper

Investment Strategy

The Funds objective is to achieve medium to long-term capital growth and a reasonable level of income by investing in Shariah-compliant equity securities of companies in the Gulf Cooperation Council (GCC), including, but not limited to Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE).

Fund Performance

NAV (SAR)
10.840
Change
0.028 (-0.260%)
Previous Close
10.811
12 Months High
9.742
12 Months Low
11.920

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