Saudi investment funds' assets rise 7% in Q1 2019

26/05/2019 Argaam Special

 

The total value of assets held by investment funds in Saudi Arabia jumped 7 percent  to SAR 310 billion in Q1 2019, compared to end of 2018, data issued by the Capital Market Authority (CMA) showed.

 

The increase was driven by a 7 percent YoY rise in the total value of assets held by private funds to SAR 190.2 billion in Q1. Private funds accounted for 61.4 percent of total fund assets in the Kingdom.

 

The value of public investment funds grew by 7 percent from the previous quarter to SAR 119.8 billion.

 

The number of subscribers in Saudi investment funds rose to 360,400 in Q1 from 336,500 a year earlier. Also, the number of subscribers in public investment funds edged up 7 percent YoY to 356,400 for the same period.

 

Saudi-based Mutual Funds (Activity YoY)

Period

Ownership Type

Number of funds

Number of Subscribers

Asset Base (SAR mln)

Q4 2018

Public

249

332.6

111.9

Private

293

3.94

178.3

Total

542

336.5

290.2

Q1 2019

Public

252

356.4

119.8

Private

288

3.98

190.2

Total

540

360.4

310.0

Variation

(0.4%)

+7%

+7%

 

The value of assets held by money market and equity funds stood at SAR 68.2 billion and SAR 22.2 billion respectively in Q1, representing 75.5 percent of total public funds’ assets.

 

Public Funds Arranged by Investment (Q1 2019)

Asset Class

Number of funds

Number of Subscribers

Value of assets

(SAR mln)

Money Markets

45

39,403

68.2

Equity

141

153,673

22.2

RIETs

17

149,392

17.4

Real Estate

10

7,499

8.2

Holding

25

5,239

2.8

Debt

5

117

0.4

Balanced

2

297

0.1

Traded indices

3

376

0.05

Other

4

414

0.4

Total

252

356,410

119.8

 

Meanwhile, the value of assets held by equity and real estate funds came in at SAR 122.6 billion and SAR 52.1 billion respectively, accounting for 91.9 percent of the total assets of private funds.

 

Private Funds Arranged by Investment  (Q1 2019)

Asset Class

Number of funds

Number of Subscribers

Value of assets

(SAR mln)

Equity

118

1,585

122.6

Real Estate

105

2,120

52.1

Multi-Assets

47

66

7.4

Debt

5

61

4.7

Money Markets

7

98

2.1

Hedge & Derivatives

1

8

0.6

Commodities

1

4

0.5

Financing 

4

36

0.2

Feeding

0

0

--

Total

288

3,978

190.2

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