HSBC Saudi Financial Institutions Equity Fund was named “Top Performing Fund 2018 (TIER 2)” in Saudi Arabia, after achieving the highest return on investment market-wide in 2018.
The Fund achieved the highest return among all funds investing in Saudi equity (TIER 2 -- with AUM below SAR 100 mln). Realizing 32% annual return.
The Fund was granted the honor by the panel of Argaam Recognition Award (ARA) based on its factual performance during the period of assessment.
Argaam Recognition Award is a formal recognition of professional performance, aimed to incentivize financial firms, fund managers and IPO managers to pursue the highest performance indicators (KPIs) and industry best practices.