Assets of Saudi investment funds rise 4% in Q3

09/12/2018 Argaam Special

 

The total value of assets held by investment funds in Saudi Arabia rose 4 percent quarter-on-quarter (QoQ) to SAR 283.5 billion in Q3 2018, data issued by the Capital Market Authority (CMA) showed.

 

The increase was driven by a 9 percent QoQ rise in the total value of assets held by private funds in Q3 to SAR 165.6 billion. Private funds account for 58 percent of total fund assets in the Kingdom.

 

The value of public investment funds edged down 1 percent from the previous quarter to SAR 117.9 billion.

 

The number of subscribers in Saudi investment funds rose to 330,800 in the third quarter from 315,100 in Q2 2018.

 

Meanwhile, the number of subscribers in public investment funds jumped 5 percent QoQ to 326,900 for the quarter.

 

Saudi-based Investment Funds (Activity YoY)

Period

Ownership Type

Number of funds

Number of Subscribers

Asset Base (SAR mln)

Q2 2018

Public

264

311.2

119.1

Private

290

3.9

152.4

Total

554

315.1

271.5

Q3 2018

Public

264

326.9

117.9

Private

275

3.9

165.6

Total

539

330.8

283.5

Variation

(2.7%)

+5.0%

+4.4%

 

The value of assets held by money market and equity funds stood at SAR 69.6 billion and SAR 21.7 billion respectively in Q3, representing 77 percent of total public funds’ assets.

 

Public Funds Arranged by Investment (Q3 2018)

Asset Class

Number of funds

Number of Subscribers

Value of assets

(SAR mln)

Equity

151

157,102

21.7

Debt

5

118

0.6

Money Markets

44

38,964

69.6

Real Estate

10

7,599

8.4

Holding

31

5,135

2.9

Balanced

2

307

0.1

Hedge & Derivatives

--

--

--

Traded indices

3

345

0.04

REITs

15

117,036

14.2

Other

3

296

0.4

Total

264

326,902

117.9

 

Meanwhile, the value of assets held by equity and real estate funds came in at SAR 99.7 billion and SAR 57.3 billion respectively, accounting for 95 percent of the total assets of private funds.

 

Private Funds Arranged by Investment  (Q3 2018)

Asset Class

Number of funds

Number of Subscribers

Value of assets

(SAR mln)

Equity

115

1,447

99.7

Debt

5

61

4.8

Money Markets

9

92

2.2

Real Estate

112

2,279

57.3

Commodities

1

4

0.4

Miscellaneous 

32

48

0.7

Hedge & Derivatives

1

8

0.6

Total

275

3,939

165.6

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.