Logo of AlJazira Capital
AlJazira Capital, a Saudi closed-joint stock company owned by Bank AlJazira, provides investment banking, brokerage, asset management and other financial services.
AlJazira Capital manages 12 open-ended mutual funds with a combined net asset value of SAR 3.5 billion. The company also established AlJazira REIT Fund, in addition to a number of private closed-end mutual funds. Equity funds accounted for the largest number of open-ended mutual funds with six, followed by the diversified-asset class with three funds, then the money market class with two funds.
|
Open-Ended Funds |
Class |
Net Asset Value* (SAR mln) |
Life of Fund (Years) |
Return Since Inception |
|
AlJazira Saudi Riyal Murabaha Fund |
Money Market-Local |
1,638.2 |
22.3 |
56.3% |
|
AlJazira USD Murabaha Fund |
Money Market-Local |
55.0 |
4.1 |
7.8% |
|
AlJazira Saudi Equities Fund |
Equity - Local |
517.1 |
23.3 |
608.3% |
|
AlJazira International Equities Fund |
Equity - International |
370.5 |
24.5 |
55.9% |
|
AlJazira European Equities Fund |
Equity - International |
173.7 |
23.5 |
94.9% |
|
AlJazira Japanese Equities Fund |
Equity - International |
189.0 |
22.9 |
91.9% |
|
AlJazira GCC Income Fund |
Equity - International |
18.8 |
9.6 |
72.8% |
|
AlJazira Global Emerging Markets Fund |
Equity - International |
23.1 |
10.2 |
29.0% |
|
AlJazira Asset Allocation Fund - Growth Strategy |
Diversified - International |
243.2 |
10.0 |
70.2% |
|
AlJazira Asset Allocation Fund - Moderate Strategy |
Diversified - International |
86.4 |
10.0 |
47.0% |
|
AlJazira Asset Allocation Fund - Conservative Strategy |
Diversified - International |
85.0 |
10.0 |
28.3% |
|
AlJazira Sukuk Fund |
Sukuk-International |
135.9 |
2.6 |
-9.0% |
|
Total |
Diversified - International |
86.4 |
10.0 |
47.0% |
According to the data compiled by Argaam, AlJazira Saudi Equities Fund topped open-ended mutual funds with an average annual return (AAR) of 8.7% since its launch in December 1999. It was followed by AlJazira GCC Income Fund with 5.8% since its establishment in July 2013, as shown in the following chart:
The following table illustrates the return on investing SAR 1,000 in AlJazira Capital-managed mutual funds over a period of one, three and five years:
|
Return on Investment of SAR 1,000 |
|||
|
Fund |
One Year |
Three Years |
Five Years |
|
AlJazira Saudi Equities Fund |
932 |
1,985 |
1,900 |
|
AlJazira Japanese Equities Fund |
933 |
1,271 |
1,086 |
|
AlJazira Asset Allocation Fund - Moderate Strategy |
964 |
1,240 |
1,213 |
|
AlJazira GCC Income Fund |
932 |
2,035 |
1,539 |
|
AlJazira Asset Allocation Fund - Growth Strategy |
935 |
1,386 |
1,290 |
|
AlJazira Saudi Riyal Murabaha Fund |
1,030 |
1,055 |
1,107 |
|
AlJazira European Equities Fund |
967 |
1,420 |
1,253 |
|
AlJazira Asset Allocation Fund - Conservative Strategy |
987 |
1,097 |
1,119 |
|
AlJazira Global Emerging Markets Fund |
870 |
1,316 |
1,117 |
|
AlJazira USD Murabaha Fund |
1,027 |
1,048 |
- |
|
AlJazira International Equities Fund |
920 |
1,515 |
1,450 |
|
AlJazira Sukuk Fund |
947 |
- |
- |
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