How did Albilad MSCI US Tech fare in Q1 2023?

11/04/2023 Argaam
Logo ofAlbilad MSCI US Tech Fund

Logo of Albilad MSCI US Tech Fund


Albilad MSCI US Tech Fund highlighted its performance during the first quarter of 2023, with a return of 13.4% during the three-month period.

 

Fund Performance in First 3 Months

Launch Date

Jan. 23, 2023

Fund Volume

SAR 9.07 mln

Return in 3 Months

13.42%

 

According to its prospectus, the fund indicated that its investments were focused on Microsoft whose weight reached 18.59%, followed by Nvidia (8.3%) and Tesla (5.75%), as follows:

     

Fund's Top 10 Investments at end of Q1 2023

Company

Company Weight

Microsoft

18.59%

Nvidia

8.30%

Tesla

5.75%

Johnson & Johnson

4.51%

Thermo Fisher

4.16%

Abbott Laboratories

3.48%

Adobe

2.51%

Danaher

2.47%

Accenture

2.25%

Intel

2.01%

  

The fund was launched early this year at SAR 10 per unit. The unit price reached SAR 11.14 today, April 11.

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