HSBC Saudi Financial Institutions Equity Fund was named “Top Performing Fund Over 3 Years (TIER 2)” in Saudi Arabia, after achieving the highest return on investment market-wide during the period of assessment.
The Fund achieved the highest return among all funds investing in Saudi equity (TIER 2 -- with AUM below SAR 100 mln) for an investment horizon of three years. Realizing 47% 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.