A total of 96 Saudi mutual funds, with net assets of over SAR 100 million, have shown mixed performance in 2018. Argaam tracks their performance in the study below:
Riyad Blue Chip Equity Fund, managed by Riyad Capital, was the top performer last year, with a yield of 19.94 percent. It was followed by Riyad Saudi Equity Fund with a 19.56 percent yield.
|
Best Performing Investment Funds in 2018* |
|||
|
Fund |
Fund manager |
Net assets (SAR mln) |
Return since year beginning |
|
Riyad Blue Chip Equity Fund |
Riyad Capital |
1,824.09 |
19.94 |
|
Riyad Saudi Equity Fund |
Riyad Capital |
191.06 |
19.56 |
|
HSBC Saudi Equity Fund |
HSBC Saudi Arabia |
144.33 |
17.98 |
|
Global Saudi Equity Fund |
Global Invest House- Saudi Arabia |
569.05 |
15.71 |
|
Riyad Saudi Equity Shariah Fund |
Riyad Capital |
1,077.29 |
15.11 |
|
Jadwa Saudi Equity Fund Class A |
Jadwa Investment |
248.05 |
13.95 |
|
Jadwa Saudi Equity Fund Class A |
Jadwa Investment |
237.34 |
13.11 |
|
Al Arabi Saudi Equity Fund |
ANB Invest |
107.69 |
12.92 |
|
HSBC Saudi Income Equity Fund |
HSBC Saudi Arabia |
240.97 |
11.93 |
|
Saudi Istithmar Equity Fund |
Saudi Fransi Capital |
358.73 |
11.75 |
*based on prices disclosed as of Dec. 31, 2018
On the other hand, HSBC China and India Equity Freestyle Fund was the worst performing fund among peers in 2018 with a yield of -16.06 percent. The fund aims to achieve medium to long term capital growth by investing in Shariah compliant equities of companies listed on the official stock markets of China and India.
Osool & Bakheet IPO Fund, run by Osool & Bakheet Investment Co., followed with a yield of -15.42 percent.
|
Lowest Performing Investment Funds in 2018* |
|||
|
Fund |
Fund manager |
Net assets (SAR mln) |
Return since year beginning |
|
HSBC China and India Equity Freestyle Fund |
HSBC Saudi Arabia |
110.57 |
(16.06) |
|
Osool & Bakheet IPO Fund |
Osool & Bakheet |
114.47 |
(15.42) |
|
AlAhli Emerging Markets Index Fund |
NCBC |
170.38 |
(14.74) |
|
Aljazira European equities Fund |
Aljazira Capital |
165.68 |
(14.24) |
|
Riyad Global Equity Sharia Fund |
Riyad Capital |
129.86 |
(12.53) |
|
AlAhli Asia Pacific Index Fund |
NCBC |
144.76 |
(11.29) |
|
Aljazira Japanese equities Fund |
Aljazira Capital |
272.66 |
(11.04) |
|
Riyad European Equity Fund |
Riyad Capital |
214.3 |
(10.42) |
|
Aljazira International equities Fund |
Aljazira Capital |
148.48 |
(10.04) |
*based on prices disclosed as of Dec. 31, 2018
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