AI Summary
Tadawul trading screen
Argaam conducted an overview on the performance of 51 out of nearly 256 local equity funds, which invest in Saudi equities, and have assets under management (AUMs) of less than SAR 100 million by the end of September, after excluding funds of Category (C).
It has been found that a total of 28 funds achieved a positive performance against 23 others that performed negatively.
Riyad Small and Medium Cap Fund, which is managed by Riyad Capital, was the top performer with a return of 8.3% in Q3 2022 and +21% in the first nine months of 2022, achieving a surplus of +17.
The fund aims to achieve long-term capital growth through investing in the equities of micro-, small- and medium-sized companies (MSMEs) on the Saudi Exchange (Tadawul), in accordance with Shariah standards.
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Top Performing Funds (Below SAR 100 mln AUMs) in Q3 2022 |
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|
Fund |
Fund Manager |
Net Asset Value (SAR mln) |
Change in Q3 2022 |
|
Riyad Small and Medium Cap Fund |
Riyad Capital |
40.65 |
+8.3% |
|
Alawwal Saudi Equity Fund |
Alawwal Capital |
21.80 |
+8.0% |
|
Derayah Freestyle Saudi Equity Fund |
Derayah Capital |
75.80 |
+7.5% |
|
MEFIC Saudi Freestyle Equity Fund |
MEFIC Capital |
5.19 |
+6.4% |
|
Tharwat Saudi Equity Fund |
Tharwat for Financial Securities |
2.10 |
+5.9% |
|
KASB IPO Fund |
KASB Capital |
10.47 |
+5.0% |
|
BLOM Fund of REITs |
BLOMINVEST Saudi Arabia |
20.88 |
+5.0% |
|
Watani Saudi Equity Fund |
Watani Wealth Management |
22.04 |
+4.2% |
|
Osool & Bakheet IPO Trading Fund Sharia Compliant |
Osool & Bakheet Investment |
2.76 |
+3.6% |
|
Itqan Capital Saudi Equity Fund |
Itqan Capital |
3.09 |
+3.2% |
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