Why MSCI Tadawul 30?
The MSCI Tadawul 30 Index is jointly launched by MSCI and the Saudi Stock Exchange Co. (Tadawul).
The index targets the top 30 stocks listed on the Saudi main equity market that represents the performance of large, mid and small-cap stocks. The index screened for liquidity and international investability where it’s designed to be able to serve as the basis for financial products including derivatives and ETPs.
Index Methodology
The MSCI Tadawul 30 Index targets top 30 securities of the MSCI Saudi Arabia IMI Index based on free float market cap allowing number of constituents to range between 25 and 35. The maximum security weight is capped at 15%.
Fund Objectives
The Fund is an open ended investment fund and its objectives is to replicate the performance of MSCI Tadawul 30 Index before deducting the fees and expenses, while minimizing, as far as possible, the tracking error between the fund’s performance and that of the Index to 1.5% maximum.
Fund Features
Fund name
| Alawwal Invest MSCI Tadawul 30 Saudi ETF
|
Fund type
| Exchange traded fund
|
Risk level
| High risk
|
Investment policy
| Passive Management
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Inception date
| 20/11/2011
|
Fund currency
| SAR
|
Benchmark
| MSCI Tadawul 30
|
Index provider
| MSCI
|
Inception price
| SAR 20
|
Annual Management fees
| 0.75%
|