Saudi mutual fund assets up 19% in Q1

05/05/2017 Argaam

The value of assets in Saudi Arabia’s mutual funds rose 19 percent year-on-year (YoY) to SAR 104.5 billion by the end of Q1 2017, data issued by the Saudi Arabian Monetary Authority (SAMA) showed.

 

Foreign and local mutual funds’ assets jumped 25 percent and 18 percent respectively YoY in the same period.

 

Assets of Mutual Funds (SAR bln)

Variation

Q1-2017

Q4-2016

Period

+18%

83.04

70.66

Local assets

+25%

21.49

17.18

Foreign assets

+19%

104.53

87.84

Total

 

The number of funds operating in the kingdom rose to 275 by the end of Q1 2017, from 270 in 2015.

 

Meanwhile, the number of unit holders plunged 61 percent YoY to 224,200 for the same period.

 

Assets of Investment Funds (SAR bln)

Variation

Total

Foreign assets

Local assets

Period

--

136.97

21.31

115.66

2005

(%39)

84.11

22.77

61.34

2006

+25%

105.10

25.21

79.89

2007

(%29)

74.81

13.55

61.26

2008

+20%

89.55

15.41

74.14

2009

+6%

94.74

20.30

74.44

2010

(%13)

82.19

17.66

64.53

2011

+7%

88.07

18.26

69.81

2012

+17%

103.18

21.32

81.86

2013

+7%

110.71

28.84

81.87

2014

(7%)

102.90

26.98

75.92

2015

(15%)

87.84

17.18

70.66

2016

+19%

104.53

21.49

83.04

Q1-2017

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