Tadawul trading screen
In this report, Argaam monitored the performance of 34, out of nearly 255, local equity funds that invest in Saudi equities, and have assets under management (AUMs) of more than SAR 100 million in H1 2022.
The local equity funds demonstrated positive performance during the six-month period, with the exception of Albilad Pure Saudi Equity Fund.
HSBC Saudi Financial Institutions Equity Fund, which is managed by HSBC Saudi Arabia, was the top performer with a return of 14.3%. The fund aims to achieve medium- to long-term capital growth through primarily investing in shares of Saudi Exchange (Tadawul)-listed Saudi financial institutions, including banks and financial services providers.
Al-Mubarak IPO Fund took the second place, with a return of 13.7%. The fund, managed by ANB Invest, aims to achieve long-term capital growth through investing in initial public offerings (IPOs) of Saudi companies, rights issues and secondary offerings of already listed companies and newly-listed stocks (maximum five years from listing date).
Al-Mubarak Pure Saudi Equity Fund came third, with a return of 11.6%. The fund, managed by ANB Invest, eyes long-term capital growth and positive returns through investing in Shariah-compliant local equities.
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Top-Performing Funds Year to Date (As on June 30, 2022)* |
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Fund |
Fund Manager |
Net Asset Value (SAR mln) |
YoY Change |
|
HSBC Saudi Financial Institutions Equity Fund |
HSBC Saudi Arabia |
132.83 |
14.3% |
|
Al-Mubarak IPO Fund |
ANB Invest |
108.22 |
13.7% |
|
Al-Mubarak Pure Saudi Equity Fund |
ANB Invest |
275.51 |
11.6% |
|
HSBC Saudi Equity Fund |
HSBC Saudi Arabia |
144.84 |
11.0% |
|
Riyad Saudi Equity Sharia Fund |
Riyad Capital |
167.60 |
11.3% |
|
Al-Arabi Saudi Equity Fund |
ANB Invest |
154.43 |
9.7% |
|
SNB Capital Al Musahem Saudi Equity Fund |
SNB Capital |
750.03 |
8.6% |
|
Al Ataa Saudi Equity Fund |
SNB Capital |
100.70 |
7.6% |
|
Alpha Saudi Equity Fund |
Alpha Capital |
155.41 |
7.8% |
|
HSBC Saudi Freestyle Equity Fund |
HSBC Saudi Arabia |
415.13 |
7.3% |
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