Tadawul trading hall
Argaam tracked the performance of 78 out of 254 Saudi mutual funds that invest in local equities and manage assets of over SAR 100 million for the period ending Dec. 31, 2021
Al Rajhi Saudi Equity Fund, managed by Al Rajhi Capital, was the top performer among Saudi Shariah-compliant equity funds (except for free-style funds), with a return of 48.62% in 2021, compared to S&P Saudi Equity Shariah Index, which rose 37.33%. Tadawul All Share Index (TASI) also leapt 30% during the same period.
SAIB Saudi Companies Fund came second with a return of 46%, followed by HSBC Saudi Companies Equity Fund with 43%.
|
Fund |
Fund Manager |
Net Asset Value (SAR mln) |
Variation YTD |
|
Al Rajhi Saudi Equity Fund |
Al Rajhi Capital |
499.32 |
+48.62% |
|
SAIB Saudi Companies Fund |
Alistithmar Capital |
118.75 |
+45.96% |
|
HSBC Saudi Companies Equity Fund |
HSBC Saudi Arabia |
2,037.13 |
+43.13% |
|
AlAhli Saudi Small and Mid-Cap Equity Fund |
SNB Capital |
170.13 |
+42.66% |
|
Riyad Saudi Equity Sharia Fund |
Riyad Capital |
911.08 |
+41.74% |
Al-Rajhi GCC Equity Fund was the top performer in its class for 2021, with a return of 48.87%, while S&P GCC Shariah Index rose by 35.76%.
HSBC GCC Equity Fund came second with a return of 38%, followed by Al Musahem GCC Fund, managed by SNB Capital, with 37%.
|
Fund |
Fund Manager |
Net Asset Value (SAR mln) |
Variation YTD |
|
Al-Rajhi GCC Equity Fund |
Al Rajhi Capital |
160.35 |
+48.87 % |
|
HSBC GCC Equity Fund |
HSBC Saudi Arabia |
117.39 |
+37.93% |
|
Al Musahem GCC Fund |
SNB Capital |
113.64 |
+37.60% |
|
SNB Capital GCC Trading Equity Fund |
SNB Capital |
351.47 |
+34.54% |
|
Riyad Gulf Equity Fund |
Riyad Capital |
226.65 |
+29.72% |
As for the Saudi equity income funds whose assets exceed SAR 100 million, Al Rajhi Saudi Equity Income Fund recorded a return of 34.23% for 2021, against S&P Saudi Equity Shariah Index which rose by 18.89% in the same year.
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