The value of assets in Saudi Arabia’s mutual funds fell 15 percent year-on-year (YoY) to SAR 87.84 billion by the end of 2016, data issued by the Saudi Arabian Monetary Authority (SAMA) showed.
The decrease was attributed to assets of foreign and local mutual funds declining 36 percent and 7 percent respectively YoY in the same period.
|
Assets of Mutual Funds (SAR bln) |
|||
|
Variation |
2016 |
2015 |
Period |
|
(7%) |
70.66 |
75.92 |
Local assets |
|
(36%) |
17.18 |
26.98 |
Foreign assets |
|
(15%) |
87.84 |
102.90 |
Total |
On a quarterly basis, assets of mutual funds rose 17 percent to SAR 87.8 billion in Q4 2016, compared to SAR 81.8 billion the previous quarter.
|
Assets of Mutual Funds |
|||
|
Variation |
Q4 2016 |
Q3 2016 |
Period |
|
+6% |
SAR 70.66 bln |
SAR 66.69 bln |
Local assets |
|
+14% |
SAR 17.18 bln |
SAR 15.12 bln |
Foreign assets |
|
+17% |
SAR 87.84 bln |
SAR 81.82 bln |
Total |
The number of operating funds in the kingdom rose to 275 by the end of 2016, from 270 in 2015.
Meanwhile, the number of unit holders plunged 61 percent YoY to 224,411 for the same period.
|
Assets of Investment Funds (SAR bln) |
||||
|
Variation |
Total |
Foreign assets |
Local assets |
Period |
|
-- |
136.97 |
21.31 |
115.66 |
2005 |
|
(%39) |
84.11 |
22.77 |
61.34 |
2006 |
|
+25% |
105.10 |
25.21 |
79.89 |
2007 |
|
(%29) |
74.81 |
13.55 |
61.26 |
2008 |
|
+20% |
89.55 |
15.41 |
74.14 |
2009 |
|
+6% |
94.74 |
20.30 |
74.44 |
2010 |
|
(%13) |
82.19 |
17.66 |
64.53 |
2011 |
|
+7% |
88.07 |
18.26 |
69.81 |
2012 |
|
+17% |
103.18 |
21.32 |
81.86 |
2013 |
|
+7% |
110.71 |
28.84 |
81.87 |
2014 |
|
(7%) |
102.90 |
26.98 |
75.92 |
2015 |
|
(15%) |
87.84 |
17.18 |
70.66 |
2016 |
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