BMK IPO Fund, which is managed by Bait Al Mal Al Khaleeji (BMK), has outperformed other Saudi funds in the first half of 2015, as its asset value grew by 33.3 percent year-on-year (y-o-y), data compiled by Argaam showed.
The open-ended fund invests primarily in initial public offerings (IPOs) and newly-listed companies in the kingdom.
Baitk IPO Fund ranked second with an increase of 25.3 percent. The fund is owned by the Saudi Kuwait Finance House (SKFH), and invests in Saudi listed firms. It was followed by KSB IPO Fund (ALMUKTATB), which jumped nearly 24 percent. Managed by KSB Capital Group, the fund invests in IPOs in GCC markets.
The biggest loser was Al Awwal Egyptian Equity Fund which saw its asset value fall 16.3 percent. The Natural Resources Fund also logged a 13.34 percent decline.
The fund, which focuses on high demand securities such as oil and its derivatives, minerals, and agricultural commodities, is managed by Riyad Capital.
|
Change (%) |
Price |
Assets value (SAR mln) |
Fund |
Fund manager |
Ranking |
|
33.3 % |
13.94 |
217.3 |
BMK IPO Fund |
BMK |
1 |
|
25.3 % |
12.18 |
242.8 |
BAITK IPO Fund |
SKFH |
2 |
|
24.0 % |
46.04 |
233.8 |
KSB IPO Fund |
KSB Capital |
3 |
|
23.9 % |
135.12 |
28.6 |
Deem Saudi Equity |
GIAMCO |
4 |
|
23.1 % |
345.18 |
111.3 |
Morgan Stanley Saudi Equity Fund |
Morgan Stanley |
5 |
|
22.6 % |
8.67 |
66.3 |
HSBC Saudi Petrochemical Equity Opportunities Fund |
HSBC |
6 |
|
22.5 % |
132.34 |
56.7 |
SAIB Saudi Companies Fund |
Alistithmar Capital |
7 |
|
22.4 % |
12.22 |
397.5 |
Saudi Hollandi Fund For Initial IPO |
Saudi Hollandi Capital |
8 |
|
21.6 |
338.16 |
276.8 |
Jadwa Saudi Equity Fund |
Jadwa Investment |
9 |
|
21.6 |
302.23 |
44.1 |
Jadwa GCC Equity Fund |
Jadwa Investment |
10 |
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