Riyadh – Mubasher: HSBC MSCI Tadawul 30 Saudi ETF Fund turned profitable at SAR 2.63 million during the first half (H1) of 2021, against losses worth SAR 1.26 million in H1-20.
Net assets increased to SAR 12.19 million at the end of June 2021 from SAR 8.14 million in the same period last year, fund manager HSBC Saudi Arabia announced on Wednesday.
Net asset value of unit for the period stood at SAR 42.06, compared to SAR 32.96 per unit in H1-20.
The number of existing units remained unchanged at 290,000 at the end of H1-21 when compared to the first six months of 2020.
It was announced last June that HSBC Saudi Arabia would be acting as the custodian for its fund HSBC MSCI Tadawul 30 Saudi ETF.
