The aggregated asset base of mutual funds based in Saudi Arabia rose by 15 percent to SAR 248.2 billion YoY in 2017, data from the Capital Market Authority showed.
The increase was mainly driven by a 22 percent rise in the assets held by public investment funds throughout the year. Assets held by private funds rose 10 percent.
Meanwhile, the number of mutual fund subscribers fell to 220,300 in 2017 from 226,200 a year earlier.
|
Saudi-based Mutual Funds (Activity YoY) |
||||
|
Period |
Ownership Type |
Number of funds |
Number of Subscribers |
Asset Base (SAR mln) |
|
2016 |
Public |
271 |
222.7 |
87.2 |
|
Private |
219 |
3.52 |
128.7 |
|
|
Total |
490 |
226.2 |
215.9 |
|
|
2017 |
Public |
263 |
216.2 |
106.6 |
|
Private |
267 |
4.05 |
141.6 |
|
|
Total |
530 |
220.3 |
248.2 |
|
|
Change |
+8% |
(3%) |
+15% |
|
On an aggregate level, the public and private funds with focus on debt markets (investing in fixed-income instruments) saw their combined assets grow by 47 percent YoY in 2017, while money-market funds had their assets increase by 26 percent.
Assets of real-estate-focused funds rose 14 percent to SAR 66 billion.
|
Funds Arranged by Asset Class* (2017) |
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|
Asset Class |
Number of funds |
Number of Subscribers |
Asset Base (SAR mln) |
Change in Asset Value |
|||||||
|
2016 |
2017 |
2016 |
2017 |
2016 |
2017 |
||||||
|
Equity |
253 |
278 |
173,541 |
164,020 |
84,744.5 |
96,837.2 |
+14% |
||||
|
Debt |
15 |
17 |
200 |
239 |
3,645.0 |
5,354.6 |
+47% |
||||
|
Money Markets |
53 |
54 |
39,779 |
39,876 |
58,910.2 |
74,326.0 |
+26% |
||||
|
Real Estate |
118 |
131 |
7,349 |
10,657 |
58,570.4 |
66,498.7 |
+14% |
||||
|
Commodities |
33 |
33 |
4,659 |
4,789 |
2,910.4 |
3,219.7 |
+11% |
||||
|
Miscellaneous |
8 |
9 |
377 |
349 |
6,289.8 |
892.2 |
(85%) |
||||
|
Hedge & Derivatives |
10 |
8 |
278 |
349 |
834.3 |
1,064.8 |
+28% |
||||
|
Total |
490 |
530 |
226,183 |
220,279 |
215,909.6 |
248,193.2 |
+15% |
||||
*Excludes ETFs and REITs
The funds investing in money and equity markets accounted for 88 percent of the aggregate assets of the entire Saudi funds, standing at SAR 72.7 billion and SAR 21 billion respectively, by end of 2017.
|
Public Funds by Asset Class* (2017) |
|||||||||||||
|
Asset Class |
Number of funds |
Number of Subscribers |
Asset Base (SAR mln) |
Change in Asset Value |
|||||||||
|
2016 |
2017 |
2016 |
2017 |
2016 |
2017 |
||||||||
|
Stocks |
168 |
161 |
172,315 |
162,697 |
22,444.0 |
20,980.1 |
(7%) |
||||||
|
Debt instruments |
8 |
8 |
185 |
181 |
848.7 |
754.1 |
(11%) |
||||||
|
Money markets |
44 |
44 |
39,747 |
39,817 |
57,497.6 |
72,651.5 |
+26% |
||||||
|
Real Estate |
12 |
11 |
5,140 |
8,088 |
3,610.3 |
8,811.9 |
+144% |
||||||
|
Holding |
32 |
32 |
4,656 |
4,784 |
2,584.9 |
2,887.7 |
+12% |
||||||
|
Balanced |
2 |
2 |
351 |
326 |
82.5 |
75.9 |
(8%) |
||||||
|
Others |
5 |
5 |
268 |
339 |
176.2 |
398.5 |
+126% |
||||||
|
Total |
271 |
263 |
222,662 |
216,232 |
87,244.1 |
106,559.8 |
+22% |
||||||
*Excludes ETFs and REITs
Meanwhile, private funds investing in stocks and real estate accounted for 94 percent of the total assets of Saudi funds, at SAR 75.9 billion and SAR 57.7 billion respectively.
|
Private Funds by Asset Class* (Q4 2017) |
|||||||
|
Asset Class |
Number of funds |
Number of Subscribers |
Assets Base (SAR mln) |
Change in Asset Value |
|||
|
2016 |
2017 |
2016 |
2017 |
2016 |
2017 |
||
|
Equity |
85 |
117 |
1,226 |
1,323 |
62,300.5 |
75,857.1 |
+22% |
|
Debt |
7 |
9 |
15 |
58 |
2,801.3 |
4,600.5 |
+64% |
|
Money Markets |
9 |
10 |
32 |
59 |
1,412.7 |
1,674.5 |
+19% |
|
Real Estate |
106 |
120 |
2,209 |
2,569 |
54,960.1 |
57,686.7 |
+5% |
|
Commodities |
1 |
1 |
3 |
5 |
325.5 |
332.0 |
+2% |
|
Miscellaneous |
6 |
7 |
26 |
23 |
6,207.3 |
816.5 |
(87%) |
|
Hedge & Derivatives |
5 |
3 |
10 |
10 |
658.2 |
666.3 |
+1% |
|
Total |
219 |
267 |
3,521 |
4,047 |
128,665.4 |
141,633.5 |
+10% |
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