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*

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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