A Saudi Arabia-domiciled exchange-traded fund that invests in securities drawn from the S&P Saudi Arabia Domestic Shariah Index (TR). Unlike a purely passive replication strategy, the fund employs quantitative methods and mathematical algorithms to construct and optimise its portfolio of Shariah-compliant Saudi equities. The portfolio is rebalanced on a monthly basis, allowing the model to adapt to evolving market conditions. This rules-based, systematic approach seeks to enhance risk-adjusted returns relative to a simple index replication strategy.
vs benchmark S&P Saudi Arabia Shariah Domestic Total Return in LCL Index
Risk statistics are 3-year, month-end-based.