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IIAB MENA Feeder Fund (ABMIMFF.IF)

NAV 5.740USD -0.0500.860%
Also known as: IIAB MENA Feeder Fund|Shariah Compliant|As of 30 Sep 2019

Fund Facts

StatusActive
Asset Type Equity
Geographic FocusMENA
DomicileGuernsey
Lipper GlobalEquity MENA
StructureProtected Cell Company
Inception DateFebruary 2008
CurrencyUSD
Fund Size2,912,357 USD
NAV FrequencyPricing Monthly, 1 time at end
Administrator Legis Fund Services
Legis Fund Services Ltd
Sponsor Al Arabi Investment Group (AB Invest)
Fund Manager Arab Bank Fund Managers (Guernsey) Ltd
Investment Advisor Al Arabi Investment Group Co.

Fund Returns

1 Month.000%
3 Months-2.048%
YTD*6.400%
1 YearGet Lipper
3 YearsGet Lipper
5 YearsGet Lipper
Since InceptionGet Lipper

Ratios

Beta0.290
Alpha0.160
Sharpe Ratio0.125
Information RatioGet Lipper
Annusalised Standard DeviationGet Lipper

Investment Strategy

The IIAB MENA Feeder Fund is a long-term, medium to high risk investment vehicle that invests in the IIAB Islamic MENA Fund (Master Fund). The IIAB Islamic MENA Fund is an open ended mutual fund that offers investors the opportunity to invest in the capital markets of the Middle East and North Africa region (MENA), with a particular focus on listed equities, whilst adhering to the sharia principles. The Fund aims to achieve an annual average net return in excess of 11% over a full investment cycle. The Fund aims to carry a lower volatility than that of the market, by dynamically rotating across asset classes, geographies and sectors, depending on market conditions.

Fund Performance

NAV (SAR)
5.740
Change
-0.050 (0.860%)
Previous Close
5.790
12 Months High
5.860
12 Months Low
5.395

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