AI Summary
A total of 99 out of 247 Saudi mutual funds with net assets of over SAR 100 million, showed mixed performance in 2019, based on the prices announced on Dec. 31, 2019.
AlAhli Europe Index Fund, managed by NCB Capital, was the top performer last year, with a return of 31.60%.
FALCOM Saudi Equity Fund, managed by Falcom Financial Services, took the second place with a 29.46% return.
|
Top Performing Investment Funds since 2019 Beginning |
|||
|
Fund |
Fund manager |
Net assets (SAR mln) |
Return since year beginning |
|
AlAhli Europe Index Fund |
NCBC |
303.91 |
31.60% |
|
FALCOM |
FALCOM Financial Services |
129.82 |
29.46% |
|
Riyad American Equity Fund |
Riyad Capital |
105.44 |
29.17% |
|
Aljazira International equities Fund |
Aljazira Capital |
267.50 |
29.03% |
|
AlAhli North America Index Fund |
NCBC |
744.24 |
28.49% |
|
Aljazira European equities Fund |
Aljazira Capital |
209.09 |
26.78% |
|
Jadwa Saudi Equity Fund Class A |
Jadwa Investment |
141.08 |
26.61% |
|
Riyad Saudi Equity Fund |
Riyad Capital |
111.30 |
26.42% |
|
Jadwa Saudi Equity Fund Class B |
Jadwa Investment |
259.91 |
25.69% |
|
Riyad Japanese Equity Fund |
Riyad Capital |
855.96 |
24.57% |
On the other hand, Samba Capital’s Al Razeen USD Liquidity Fund was the worst performer with a return of 1.79%. The fund is a specialized public investment fund –money market fund, which invests primarily in short term money market instruments and other investment funds with similar objectives.
International Trade Finance Fund (Sunbullah USD), which is also managed by Samba Capital, posted a return of 1.87%. The fund invests primarily in short term riyal or dollar-denominated money market instruments that are compliant with Shariah.
|
Lowest Performing Investment Funds since 2019 Beginning* |
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|
Fund |
Fund manager |
Net assets (SAR mln) |
Return since year beginning |
|
Al Razeen USD Liquidity Fund |
Samba Capital |
118.29 |
1.79% |
|
International Trade Finance Fund (Sunbullah USD) |
Samba Capital |
851.84 |
1.87% |
|
AL BADR MURABAHA FUND (USD) |
Saudi Fransi Capital |
101.24 |
1.87% |
|
Riyad USD Trade Fund |
Riyad Capital |
123.91 |
2.02% |
|
Saudi Riyal Money Markets Fund |
Saudi Fransi Capital |
552.46 |
2.19% |
|
AL BADR MURABAHA FUND (SAR) |
Saudi Fransi Capital |
1,135.61 |
2.20% |
|
International Trade Finance Fund (Sunbullah SAR) |
Samba Capital |
6,635.51 |
2.26% |
|
Al Razeen SAR Liquidity Fund |
Samba Capital |
891.04 |
2.28% |
|
Jadwa Saudi Riyal Murabaha Fund |
Jadwa Investment |
375.14 |
2.30% |
|
Al Yusr Saudi Riyal Morabaha Fund |
Alawwal Investment |
277.13 |
2.34% |
*based on prices disclosed as of December 31, 2019
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